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Farm Finance

TAMS

The Targeted Agricultural Modernisation Scheme (TAMS) offers grant aid for certain on-farm capital investments.

The scheme offers grant aid of 40% towards the cost of certain investments – 60% in the case of young farmers.

Application

The TAMS budget is divided into tranches. Applications are made online once a tranche opens.

Ranking of  applications will take place on a tranche basis. Unsuccessful eligible application will be carried over the following tranche.

Schemes

Seven TAMS schemes are currently in operation:

  • Young Farmers’ Capital Investment Scheme
  • Dairy Equipment Scheme
  • Low Emission Slurry Spreading Scheme
  • Animal Welfare, Safety and Nutrient Storage Scheme
  • Pig & Poultry Investment Scheme
  • Organic Capital Investment Scheme
  • Tillage Capital Investment Scheme

Payment

Grant aid of 40% (60% for Young Farmers) is available.

Payment will issue within 3 weeks once it has been determined that that work has been completed in accordance with the terms and conditions of the scheme. A deadline will be applicable for completion of the relevant investment works.

Inspections

Between 5-20% of applicants will be inspected prior to approval
Between 5-20% of applicants will be inspected pre-payment
5% of applicants will be inspected post-payment.

Up to 48 hours notice of an inspection will be given.