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The Farming Investment Fund – from rotating cow brushes to reservoirs…
One of the new schemes under DEFRA’S Agricultural Transition Plan, which sets out changes to agricultural policy in England, is the Farming Investment Fund.
The fund will be made up of two types of capital grants and is due to launch this autumn. As 28 years of area-based subsidies come to an end this is one of the schemes from DEFRA to acknowledge that farming will need help to adjust to life without BPS.
The smaller grant scheme is called the Farming Equipment and Technology Fund which is aimed at improving business performance. The detailed list of items available for funding will be published later this year and may feature equipment such as cattle crushes and direct drills. Many farmers will recognise the process of this scheme from the recent Countryside Productivity Small Grant Scheme (CPSGS)
Applications will be made online with clear grant values assigned to each item. At Stephensons Rural and Boulton Cooper we have successfully applied on behalf of many clients to all three previous rounds of the CPSGS for a wide variety of arable and livestock equipment.
Larger value items will be applied for through the Farming Transformation Fund. DERFA has indicated that items available through this grant could include reservoirs, precision agricultural equipment and technology for storing products. Applications for this scheme will be competitive and again further details, such as the proportion of costs to be funded, are expected later in the year.
Please let us know if you would like to be kept up to date with further information about these schemes.