The Targeted Agricultural Modernisation Scheme (TAMS 3) provides grants to farmers to build and/or improve a specified range of farm buildings and equipment on their holdings. The Young Farmer Capital Investment Scheme is one of eleven schemes within TAMS 3, designed specifically to provide an enhanced grant aid for qualified young farmers.
An analysis of all payment claims received for The Young Farmers Capital Investment Scheme in the last twelve months shows that of the 580 claims submitted since 27 June 2024 , 413 have received payment. The remaining 167 claims are currently undergoing further investigation following submission of their application for payment.
The average time from submission of claim to the issue of payment is 52 days, which is within the agreed parameters as set out in the Farmers' Charter.