Funding is available for the measure "Investments in tangible assets"

From October 18 to November 22, 2018, you can apply for support under three investment support measures: "Support for investments in agricultural holdings", "Support for investments in processing" and "Support for investments in the development of agricultural and forestry infrastructure".

In the measure "Support for investments in agricultural holdings" The fifth round of public funding available to agricultural service cooperatives is 7.5 million euros, and to farms 75 million euros. Funding for farms is distributed according to the regionalization principle, the distribution can be viewed on the service's website. The aim of the measure is to support farms in order to improve their economic performance and competitiveness, as well as to promote the development of cooperation.

In the measure "Support for investments in recycling" The public funding available for the seventh round is 30 million euros. The aim is to increase the efficiency of agricultural product processing and increase the added value of products, promoting the development of competitive cooperation and the development of sustainable agricultural production and the introduction of innovations in enterprises.

In the measure “Support for investments in the development of agricultural and forestry infrastructure” The fifth round of public funding available to individuals, farms and municipalities is 13.5 million euros. The goal is to improve agricultural and forestry infrastructure.

There are several changes in this round of support measures. For example, in order to promote investment in climate change mitigation measures, the changes provide for granting additional support intensity for the construction and reconstruction of manure storage facilities, as well as for the construction or reconstruction of forced ventilation systems in livestock housing. The conditions for project selection criteria points have been clarified. They will be awarded for investments in climate change mitigation measures. However, in the future, project selection criteria points will not be awarded to young farmers. Young farmers will retain the opportunity to receive additional support intensity for investments made. The maximum support intensity has been further clarified and will not exceed 70%. The new conditions also provide that if during this planning period (RDP 2014-2020) the applicant has already purchased a tractor or grain combine or has undertaken a commitment to purchase them, then the purchase of such equipment will not be supported a second time.

More information about the conditions for receiving support and requirements for applicants is available on the service's website www.lad.gov.lv.

Project applications must be submitted using the RSS electronic application system (EPS).

The call for project applications has been announced within the framework of the European Union's European Agricultural Fund for Rural Development and the Rural Development Programme.

Source: Rural Support Service