Farmers warn EU funds will go unspent unless action taken

Farmers have warned that EU funding will go unspent unless urgent action is taken to broaden the TAMS Farm Investment Scheme.

IFA Rural Development chairman Flor McCarthy said only €7m has to date been paid out in grant aid, of €90m allocated to the scheme in 2010.

Warning that not all EU funding will be spent by the end of 2013, IFA has proposed a number of changes in order to improve uptake.