Extended deadline for farm business scheme

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The deadline for the Tier 2 Tranche 2 Farm Business Improvement Scheme – Capital (FBIS-C) has been extended by four weeks, Northern Ireland Minister for Agriculture, Environment and Rural Affairs, Edwin Poots.

The new deadline for applications is now 4:00 p.m. on April 29.

“This will give farmers and producers who are currently working on their applications more time to complete all aspects of their application, particularly their business plans,” said Minister Poots.

“Furthermore, it will allow applicants to engage fully with their banks/credit institutions and endeavor to meet any additional information or clearances required for the application process.”

Only agricultural enterprises that have submitted an expression of interest will be eligible to submit a full application for this tranche by the revised application closing date.

Level 2

FBIS-C Tier 2 Trance 2 opened on January 10, 2022 and was scheduled to run for 12 weeks prior to this expansion.

Tier 2 is for projects costing from £30,000 and is mainly for construction projects and the purchase of higher value equipment linked to the needs of the farmer’s business plan.

It is envisaged that the second tranche of Tier 2 of FBIS-Capital will have a budget of £12 million, subject to budget availability.

Guidance on applications can be found on the Department for Agriculture, Environment and Rural Affairs website.

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