The suite of seven TAMS II measures launched under the Rural Development Programme 2014-2020 have been very popular with over 34,000 approvals issued to date.
Payments under TAMS have now reached €256m with a further €135m committed in approvals. Payments are currently issuing at an average rate of €1.4m per week. I was very pleased to secure funding for next year of €80m in Budget 2021. Participants who have completed approved works are advised to submit their payment claims as soon as they are in a position to do so to allow for the early issue of payments.
The details for TAMS for 2021 are still under consideration in light of the transitional regulations. A two year transitional period is expected with the final rules to be agreed at EU level by the end of the year. I expect to be making an announcement on this when final decisions are made.