Capital Investment Scheme for the Processing and Marketing of Agricultural Products
Objective of Scheme
The objective of the EU-approved Scheme is to strengthen and improve the resilience of primary food processing companies, through supporting long term transformative capital investment projects, and achieving higher value add by implementing new product and/or market diversification strategies.
Structure of Fund
The fund will be competitive.
It is intended that there will be a first call for this fund opening for applications on 28th January 2021.
The maximum aid intensity that can be granted under the Scheme is up to 30% of the eligible investment costs.
Aid will not be provided under this Scheme for projects where total eligible costs is less than €1 million or exceeds €25 million, or where the grant exceeds €5 million per project.
A maximum grant of €10m per undertaking can be approved for funding under the first call and €12m over the lifetime of the Scheme.
Eligible companies will be approved exporting enterprises, which are engaged in the primary processing of certain agricultural products (beef, pig meat, sheep meat, poultry, dairy).
For further information, please contact your Enterprise Ireland Development Adviser.