TAMS grants will 'better reflect' increased investment costs 

The TAMS reference cost for meal bins has been increased by about 20%

Payments of over €298m have been issued for 21,500 approved applications for completed investments paid since the opening of TAMS 11. Picture: Dylan Vaughan. 

TAMS grants will better reflect the increased investment costs for farm modernisation, after a review in which costs have been increased for 62 investment items, with the increases ranging from 5% to 40%.

“I recognise that costs are changing on an ongoing basis, and my Department will commence a further review immediately to ensure costings are kept as current as possible,” said Agriculture Minister Charlie McConalogue after the review, which has also brought an increased allowance for own labour costs.