Under the Department of Finance's Capital Envelope Agreement, the total provision for my Department's capital spending for the period 2006 to 2010 is €1,301.8 million, details as follows:
|
€ million
|
2006
|
231.8
|
2007
|
240
|
2008
|
255
|
2009
|
295
|
2010
|
280
|
Approximately 95% of these capital allocations will fund the various demand led grant schemes which are available to farmers and the wider agri-food sector under the National Development Plan and the CAP Rural Development Plan for 2000-2006, and those under the new programming period post 2006. These measures are an essential element in our efforts to develop a competitive consumer-focussed agri food sector, to promote the development of environmentally friendly and sustainable systems of agriculture, forestry and food production, to assist structural change and to contribute to a vibrant rural economy and society.
The remaining 5% of the capital allocations relate to capital expenditure on administrative and IT related systems which are essential for the operation of and delivery of Department services to the agricultural services.