The Welsh government have introduced a new grant to help farmers improve the economic and environmental performance of their agricultural holdings.
The Farming Business Grant (FBG) will provide successful applicants with a 40% contribution towards capital investments in equipment and machinery that will offer clear and quantifiable benefits to farm enterprises.
A total of £40m will be available to eligible welsh farmers over a 4 year period, with grants ranging from £3,000 to £12,000.
To be eligible to apply, farmers need to have the following:
- a valid customer reference number (CRN) and county parish holding (CPH) number
- 3ha of eligible registered agricultural land within Wales, or are able to demonstrate over 550 standard labour hours per annum
- a turnover less than £1million
- not have been successful under the sustainable production grant scheme.
The final window to apply in the 2017/18 financial year is between 29 January 2018 and 2 March 2018.
For more information or to apply for the farming business grant, please visit the government website here.
Please note: This article is a commentary on general principles and should not be interpreted as advice for your specific situation.