Minister for Agriculture, Food and the Marine, Charlie McConalogue, and Ministers of State Senator Pippa Hackett and Martin Heydon have announced the opening of the new Targeted Agricultural Modernisation Scheme (TAMS 3).
TAMS provides funding for capital investments on farms and will be in place for five years with a budget of €370 million. Under the scheme there will be 10 individual schemes one of which is the Organic Capital Investment Scheme (OCIS). Tranche 1 of the scheme opened today (Wednesday 22 February) with solar panels on farms the first available investment. The other investments will become available on a phased basis during Tranche 1 which will close on 16 June.
There are a range of new improvements to the TAMS scheme including increased grant aid rates, investment ceilings, new investments, and new support categories. This includes enhanced grant-rate of 60% compared to a lower rate of 40% in TAMS II in respect of investments under the Low Emission Slurry Spreading Equipment, OCIS and Farm Safety Investments.
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