Under the capital investment scheme for the marketing and processing of agricultural products, a total of 95 completed applications, of which 25 were from the potato sector, were received by my Department. As the funding under the scheme is limited, eligi bility alone does not necessarily confer an entitlement to grant aid and generally applications are required to undergo a competitive assessment and selection process.
Between them the 25 applications in the potato sector had a grant aid requirement of almost €10 million while the funding available amounted to €2.1 million. The applications were evaluated by reference to viability, target markets, their sectoral and regional impacts, particularly at primary producer level, and the extent to which they would improve the saleability of the primary product. Following the assessment process six projects, involving grant aid of €1.8 million, were recommended to me and I approved them. I expect to receive a further recommendation shortly regarding the unallocated balance of approximately €300,000. There will be further calls for proposals over the lifetime of the national development plan with the next call due in 2003.