FBIS-C expression of interest stage opens

Tuesday, 20 July, 2021

The Ulster Farmers’ Union (UFU) is urging farmers to take time to consider all the information available on the second tranche of tier two of the Farm Business Improvement Scheme Capital (FBIS-C), if wishing to complete the ‘expression of interest’ stage which is now open. The outcome of this mandatory step will determine if one is eligible for the scheme.

As outlined by the Department of Agriculture, Environment and Rural Affairs (DAERA), this tranche of tier two is worth up to £12million and will support transformational investment in on-farm projects costing in excess of £30,000. Funding is provided at a grant rate of 40 percent of eligible costs, with £250,000 being the maximum grant available.

UFU deputy president David Brown said, “It’s good to see the first steps of the FBIS-C tier two, tranche two, getting underway with the ‘expression of interest’ stage being opened to farmers across Northern Ireland.”

DAERA Minister Edwin Poots, made the announcement during a visit to UFU vegetable vice chair, Roy Lyttle’s home farm in Newtwonards. He is one of the many farmers that benefited from the scheme as it supported him in creating a dedicated cold store and covered loading area.

“This is a good opportunity for farmers to further avail of Rural Development Programme funding. The future for all businesses depends on investing to make them as efficient as possible and the FBIS will encourage this. The grants available through the FBIS-C, gives farmers the opportunity to make much-needed developments on farm or purchase modern equipment to help future proof their business, increase production efficiencies and make environmental improvements. However, I encourage members to carefully consider the options available, ensure that they can meet the scheme conditions and to only apply for what they need and what they can commit to financially. It’s important that they don’t put themselves under extra pressure.

“The first stage is only an expression of interest and requires the submission of a relatively straightforward form. This will then be followed up with a more detailed application later in the year which will give farmers more time to ensure they can meet the various scheme requirements. The expression of interest stage is open for a very short period closing at 4pm on 13 August this year. Therefore, any farmer who is interested should take action now,” said Mr Brown.

To find out more click here.