Welsh farmers looking to buy equipment and machinery are now able to apply for up to £12,000 from the Government to help with the cost of the investment.
As part of the Welsh Government’s Rural Development Programme, applications for Farm Business Grants will be open until June 30 2017.
The grants provide a 40 per cent contribution towards equipment and machinery which has been ‘pre-identified as offering clear and quantifiable benefits to farm enterprises’.
Investments can be made in around 80 items linked to animal health, genetics and performance; crop management; energy efficiency; resource efficiency and ICT.
NFU Cymru president Stephen James said: “We are pleased the Welsh Government has recognised the need for a Farm Business Grant to complement the sustainable production grant scheme which targets larger projects. This will allow many more farmers in Wales to make on-farm investments which improve business and environmental performance.”
£40 million of funding will be available over 4 years under the scheme. The minimum grant available is £3,000 and one application will be approved per business throughout the lifetime of the scheme.
For more information, visit the website.