Nusrat Ghani, MP for Wealden, has welcomed the launch of the Government’s new Farming Investment Fund.
As the old subsidy-based Basic Payment scheme is being phased out, the Government is committed to offering around £27 million of financial assistance to support farmers to invest in their businesses and help them prosper. The Farming Investment Fund (FIF) will offer funding for equipment, technology, and infrastructure that improves farm productivity and benefits the environment.
This Fund is open to farmers, foresters and growers, including contractors to these sectors, in England and will help them focus on more efficient production methods that will reduce resource costs, improve yields, and give them a better return. The Fund is formed of two strands that will offer opportunities to apply for grants for both smaller investments: The Farming Equipment and Technology Fund; and for larger investments, The Farming Transformation Fund.
Round 1 application period opened on 16 November 2021 and will close on 7 January 2022. For more information, please visit: www.gov.uk/guidance/farming-investment-fund.
Nusrat Ghani said: “Wealden is home to many fantastic farms, which are the lifeblood of rural life. This fund provides grants towards the cost of equipment and technology to improve the productivity of farms in a sustainable way, and it is a great opportunity for the British farming community. I will always work to support our local farmers and I greatly encourage eligible farmers, foresters and growers in Wealden to take up the scheme.”
