Re-opening of Tier 1 of FBIS Capital focus on higher input costs

Northern Ireland Executive
22 Sep 2022, 21 GMT+10

A Pound 10million fund to improve farm businesses opens for applications on 27 September 2022, Agriculture Minister Edwin Poots has announced.

The fourth tranche of Tier 1 of the Farm Business Improvement Scheme - Capital (FBIS-C) will support smaller scale investments to improve the sustainability of farm businesses. The scheme will support the purchase of equipment and machinery, costing from Pound 5,000 to Pound 30,000, from a list of eligible items.

Announcing the opening for applications, Minister Poots said: "I am pleased to announce the re-opening of Tier 1 FBIS Capital. In what has been a very challenging year for our farmers, this fourth tranche is a timely boost for agriculture and horticulture with up to Pound 10million allocated for projects.

"This will build upon the success of the previous tranches of Tier 1, which to date has provided Pound 26million grant support to over 4,000 farmers and growers."

Minister Poots is seeking to assist farm businesses in dealing with the impacts of higher input costs. He said: "I want to encourage applications for equipment with the potential to help address increased costs for feed, fuel and fertiliser.

"For that reason, the item marks will be increased for a number of items in this tranche. This includes equipment for grassland management, silage quality, feed efficiency, precision farming and related activities, as set out in the Scheme guidance."

Applications for FBIS Capital Tier 1 Tranche 4 must be made by the closing date, 4pm on Friday 11 November 2022.

Further information on the FBIS-C will be available once the scheme opens.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Northern Ireland News.

More Information

6 ℃

Mostly Cloudy in Belfast/City

United Kingdom

Section

Lok Sabha, Rajya Sabha adjourned till 2 PM

New Delhi [India], March 23 (ANI): Both Houes of Parliament on Thursday were adjourned till 2 pm, within minutes after ...

How a Russian prince helped shape the CIA & U.S. Army Special Forces

Prince Serge Obolensky became a U.S. commando at the age of 53 and single-handedly liberated Sardinia from thousands of enemy ...

Why bioplastics won't solve our plastic problems

Last month, Victoria banned plastic straws, crockery and polystyrene containers, following similar bans in South Australia, Western Australia, New South ...

PM Modi pays tributes to freedom fighters Bhagat Singh, Sukhdev, and Rajguru on Shaheed Diwas

New Delhi [India], March 23 (ANI): Prime Minister Narendra Modi on Thursday paid tributes to freedom fighters Bhagat Singh, Sukhdev, ...

Parliament Budget Session: Meeting of floor leaders of political parties in RS with Chairman Jagdeep Dhankhar underway

New Delhi [India], March 23 (ANI): Ahead of proceeedings of Parliament, which is meeting Thursday after a break of two ...

Manish Tewari gives adjournment notice in LS to discuss border issue with China

New Delhi [India], March 23 (ANI): Congress MP Manish Tewari on Thursday gave an adjournment notice in Lok Sabha for ...

International

Section