Time running out to apply for Welsh farm business grants

Farmers in Wales have until 9 April to submit expressions of interest to the Farm Business Grant scheme, with the funding pot on offer during this latest round worth £5m.

The grant provides up to 40% of the standardised cost of a list of more than 80 pieces of equipment and machinery which have been identified as offering clear and quantifiable benefits to farm enterprises.

The list of eligible items has been updated for 2021 and includes livestock handling systems, electronic recording equipment, precision farming devices, slurry handling equipment, fuel tanks, boreholes and computer hardware and software.

See also: Read more from Farmers Weekly on grants

The minimum grant award is £3,000, with the maximum available being £12,000.

Farmers must complete an expression of interest form through Rural Payments Wales Online, which will be scored based on each item’s contribution to improving resource efficiency, technical efficiency, health and safety or animal health and welfare.

Applicants with the highest scores will be offered a contract.

Farmers must buy and claim for all the items on their contract within 120 calendar days of the date of the offer.

For a full list of eligible equipment and details on how to apply, visit the Welsh Government website.

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With BPS being phased out and new schemes being put in place in the next few years, it’s an important time for farmers to start planning retirement and the best way to secure their pensions. Whether you are considering a succession process or would like to retire from the industry outright, our panel of experts will go through all the options you need to consider no matter what your life plan looks like. Join the session at 17.00 - 18:15 on Thursday 19 August 2021.
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