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

From November 4 to December 4, 2019 can apply for support under two investment support measures: "Support for investments in agricultural holdings" and "Support for investments in processing".

Event “Support for investments in agricultural holdings” The aim is to support farms to improve their economic performance and competitiveness, as well as to promote the development of cooperation, ensuring the sustainable management of natural resources and supporting a climate-resilient economy. Public funding available in the sixth round agricultural service cooperatives have 7.5 million euros, but 29 million euros for farms. Funding for farms has been distributed according to the regionalization principle, the distribution can be viewed on the service's website. Project evaluation, taking into account the released public funding, will take place until March 1, 2021.

Event “Support for investment in processing” 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. The sub-measure supports activities related to the processing of agricultural products, and related packaging and primary processing. The public funding available for the eighth round is 15.7 million euros.

The end date for the implementation of submitted projects, if investments are made for the purchase of fixed assets of production – one year from the date of the decision of the RSS on the approval of the project application, if construction, reconstruction is carried out, permanent plantings are installed and fixed assets of production are purchased – two years from the date of the decision of the RSS on the approval of the project application.

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