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Support for the measure "Investments in tangible assets"

The Rural Support Service (RSS) announces the acceptance of project applications for the measure "Investments in tangible assets" in two sub-measures:

The first round of project applications for sub-measures will be accepted from December 8, 2014 to January 15, 2015.

Sub-measure "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.

An applicant for support may be:

  • agricultural holding – a legal or natural person who, in the last closed year, produced the products referred to in Annex I to the Treaty on the Functioning of the European Union, except for fishery products and domestic (pet) animals and such animals to which the Breeding and Animal Breeding Law does not apply (hereinafter – agricultural products);
  • a natural person who intends to establish a farm or obtain merchant status, or a legal person who intends to start the production of agricultural products;
  • a compliant agricultural service cooperative society that has received compliance status in accordance with the regulatory enactments on the assessment of compliance of agricultural service cooperative societies and forestry service cooperative societies.

First round of available public funding under the sub-measure "Support for investments in agricultural holdings":

  • for agricultural service cooperative societies – EUR 4,500,000 (four million five hundred thousand euros);
  • for agricultural holdings – EUR 65,943,776 (sixty-five million nine hundred forty-three thousand seven hundred seventy-six euros), distributed according to the company's financial turnover.

Sub-measure “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.

An applicant for support may be:

  • a legal entity (including a cooperative society) engaged in the processing of agricultural products in an agricultural product processing enterprise (hereinafter – processing enterprise);
  • a legal entity that plans to start processing agricultural products, if the viability of the project has been proven (in accordance with the requirements referred to in paragraphs 15, 16 and 17 of Regulation No. 600) and the provision of basic raw materials (hereinafter – a new processing enterprise);
  • a legal entity engaged in the processing of agricultural products at home (hereinafter – home producer).

The first round of public funding available under the sub-measure "Support for investments in processing" is EUR 16,197,836 (sixteen million one hundred ninety-seven thousand eight hundred thirty-six euros).

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

The projects will be implemented within the framework of the European Union's European Agricultural Fund for Rural Development (EAFRD) and the Rural Development Programme (RDP) in the 2014-2020 programming period.

Project applications must be submitted using the RSS electronic application system or in accordance with the Electronic Documents Law, or in person at the RSS regional agricultural departments or at the RSS Central Office at the Customer Service Center of the Ministry of Agriculture, Riga, Republikas laukums 2, 2nd floor foyer (tel. 67095000).