The Department of Agriculture, Food and the Marine (DAFM) launched the Farm Safety Scheme on October 22.
Under this scheme, grant aid is payable for various forms of investment.
The scheme will close on January 9, 2015.
The DAFM has indicated that it intends to operate two tranches, with the budget divided evenly between the two.
The cut-off date for the first tranche will be Friday November 28, 2014. The second tranche will open on Monday December 1, 2014.
Grant aid is payable at 40%, up to a maximum eligible investment ceiling of €20,000, with a minimum investment of €2,000 eligible for approval.
All applications not approved in the first tranche will be carried over into the second tranche.
Similarly, any unused budget from the first tranche will transfer for allocation under the second tranche.
All applicants are advised to submit their applications as early as possible. Applicants are reminded that all work must be completed, and a payment claim lodged with the Department, by August 31, 2015.
In the event of the scheme being over-subscribed, a marking system will be used to rank applicants.
Points are allocated based on age of applicant, cost of proposal, being in a Less Favoured Area, date of application (additional points allocated if the application was submitted before October 31), and completing the application correctly.
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