DEFRA FARMING INVESTMENT FUND
THE NEW DEFRA FARMING INVESTMENT FUND IS NOW OPEN
Under this fund there are currently two active programmes:
- Farming Equipment and Technology Fund (FETF)
- Farm Transformation Fund (FTF)
Both programmes offer a different range of items for equipment and infrastructure, which will improve the efficiency of the farming business and benefit the surrounding environment.
FARMING EQUIPMENT AND TECHNOLOGY FUND (FETF)
This new programme is a follow on from the Countryside Productivity Small Grant (CPSG) Scheme, but with a wider range of items. The range of items include Precision & Analysis Farming Equipment, Resource Management, Livestock Handling & Weighing and other Livestock Equipment, Horticulture and Forestry.
- Applications opened on 16th November 2021 and will close at midday on the 7th January 2022.
- The minimum grant available under the scheme is now £2,000.00 with a maximum grant funding of £25,000.00.
- Applicants will be able to apply for a maximum grant of £50,000.00 over the duration of the scheme. Any funding received under the previous CPSG will not count towards this final figure.
- Each item carries a set price which has been calculated on a percentage basis by the RPA and this is a set figure that the applicant will receive, regardless of what that item costs to buy. You can also apply for multiple items under this programme.
- All items must be bought, installed and fully claimed for, with all the correct supporting documents submitted to the RPA no later than midnight on the 30th September 2022.
FARMING TRANSFORMATION FUND (FTF)
This programme is aimed at transforming the performance of the farming business. This fund looks at grants aimed at water management on the farm to improve water use, for example crop irrigation and construction of “on farm” reservoirs.
- The programme offers larger grants of between £35,000.00 and a maximum of £500,000.00 to transform the farms performance.
- The grants are for capital items to improve farm productivity through a more efficient use of water, irrigation and secure water supplies. Grants cannot be used to store or distribute mains water or dirty water or for the control of flooding.
- The application process is in two stages – 1st an Eligibility & Desirability application is submitted to the RPA by midday on the 12th January 2022 and if approved, the applicant will then be invited to submit a full application by midday on the 30th June 2022. All planning and licences need to be approved by the 31st December 2022.
If you want to discuss either of the above in more detail then please do not hesitate to contact us on 01952 727007