The Farming Investment Fund (FIF) provides grants to improve productivity and bring environmental benefits. The FIF is made up of two funds:
Farming Equipment & Technology Fund (for grants between £2,000 and £25,000)
Farming Transformation Fund (for grants between £35,000 and £500,000)
The Farming Equipment & Technology Fund
The Farming Equipment & Technology Fund provides support to businesses so that they can invest in equipment and technology to improve sustainable agricultural, horticultural and forestry productivity. The Round 1 application period is now open until 7th January 2022.
The grant is a contribution towards the cost of buying new technology or equipment from an approved list published by the RPA. The grants are for a minimum of £2,000 and a maximum of £25,000, and the cost listed for each item is the actual grant amount you will be paid, regardless of the amount you pay for the item. You will be able to claim your grant once the item has been paid for, taken delivery of, installed, and made operational (if applicable), and claims must be made by 30th September 2022.
A list of the eligible items can be found online at https://www.gov.uk/guidance/farming-equipment-and-technology-fund-round-1-manual/annex-3-eligible-items-specification-and-grant-amount.
The Farming Transformation Fund
The Farming Transformation Fund provides grants towards large capital items to help businesses improve productivity, profitability and environmental sustainability, including:
Improving Farm Productivity
The Water Management Grant is now open for applications, however the Improving Farm Productivity Grant won’t open until later this year, and the Adding Value Grant early next year.
The Water Management Grant is for capital items to improve farm productivity through more efficient use of water for irrigation, and to secure water supplies for crop irrigation by the construction of on-farm reservoirs and the adoption of best practice irrigation application equipment.
Projects will be scored against the Water Management priorities, which are to improve:
Only arable and horticultural businesses growing, or intending to grow, irrigated food crops, ornamentals or forestry nurseries in England can apply for the water management grants. For each project, the minimum grant you can apply for is £35,000. The maximum grant is £500,000. Grants can cover up to 40% of the eligible costs of a project.
A full list of capital items that are eligible for this scheme are available online at https://www.gov.uk/guidance/farming-transformation-fund-water-management-grant-manual/how-the-farming-transformation-fund-grants-work.
If you are interested in applying for either grant, and would like further information or assistance, please contact a member of the Agricultural Team.
Guide Price: £600,000Click here