Dáil Éireann Debate, Tuesday - 26 July 2022
2120. Deputy Holly Cairns asked the Minister for Agriculture, Food and the Marine if he will increase the targeted agriculture modernisation scheme grants to account for rising materials and construction costs. [41025/22]
View answerMy Department has undertaken a number of reviews of its reference costs during the lifetime of the Targeted Agriculture Modernisation Scheme (TAMSII).
A full review of the reference costs in the scheme was concluded last April and as a result of this increased reference costs were implemented under the scheme with increases ranging from 5-15% across the investment items listed under TAMS.
These changes have been implemented from the opening of Tranche 26 on 9th April 2022. These are in addition to increases of 5-20% on costings already introduced in July 2021. This is the third increase to be implemented in costs in the last three years.
Tranche 26 of TAMS closed on 1st July 2022, with Tranche 27 opening on 2nd July. It is open to individual applicants to withdraw an application under the scheme prior to its approval and submit a revised application, should they decide that they wish to avail of the increased reference costs.
All costs will be reviewed for the new Capital Investment Scheme scheduled to be implemented from 2023 onwards.
