An application under TAMS ll Dairy Equipment Scheme (DES) was submitted on 12 September 2016 by the applicants in question. Approval for the proposed investments was granted on 22 December 2016. The approval letter states that the applicable grant rate under the DES is 40% of eligible investments, up to the investment ceiling, in this case, of €160,000.
An application under the Young Farmer Capital Investment Scheme has not been submitted by the applicants. The option of submitting an application under this Scheme would be open to them if they meet all of the terms and conditions of the Scheme including age and length of time in farming.