Welsh young farmers get second chance at start-up grant

Farmers in Wales under the age of 40 are being given a second chance to apply for up to £40,000 of funding to help develop their business.

The Welsh government’s start-up grant scheme, originally open for applications in April and May, is to accept new applications from 1 August until 29 August.

The money is only on offer for people setting up as the head of a holding for the first time, or who have set up in the last year.

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The scheme, which has funding for up to 150 people, is being reopened after only 97 applicants (from a total of 392) correctly proved their eligibility in the first round of the process earlier this year.

A spokesman for the Welsh government confirmed unsuccessful applicants from the first time around are free to apply again, as are newcomers.

The cash can be used as working capital, to purchase land, buy machinery or livestock and will be paid to successful applicants in three instalments over the next two years.

As a condition of accepting the funding, successful applicants must agree to meet key performance indicators that will be agreed as part of their contract.

Applicants will be ranked on their type of business, business structure, academic qualifications, level of continuing professional development and the strength of the business plan.