DEFRA have launched the Farming Investment Fund.
The Fund is made up of 2 strands – The Farming Equipment and Technology Fund and The Farming Transformation Fund.
The grant is aimed at providing farmers, growers, and foresters with support to invest in the things which will improve productivity and help improve animal health and welfare and reduce environmental impact.
The Farming Equipment and Technology Fund provides specific support for buying items from a revised list of items.
The grant is open for applications from 16th November 2021, and closes for applications on 7th January 2022. Items must be purchased (once the grant is approved) and claims submitted by 30th September 2022.
This grant follows on from the Countryside Productivity Grant, but now supports a wider list of items. It also has a lower minimum grant of £2000 and a higher maximum grant of £25,000.
As with the previous scheme, the list of items available have been assessed on a standard cost basis, and the grant will pay 40% (for some items 50%) of that standard cost irrespective of the cost of the item, as long as it meets the specification set in the grant list.
This grant provides a good opportunity to invest in items to improve and enhance the efficiency and profitability of your business.
The Farming Transformation Fund offers larger grants – between £35,000 and £500,000, and is being offered in waves. The first area concerns water management with future areas expected to focus on farm productivity and adding value to agricultural produce.
If you are interested in this grant scheme then please do give PFK Land Agency a call to discuss options.
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