New Entrants Scheme - Scheme Closed 27.02.09
Since June 2005, the Department has operated the Financial Assistance for Young Farmers Scheme (known as the New Entrants Scheme) to promote additional investment to farming by new entrants under the age of 40.
Under the Scheme, participants are encouraged to come forward with innovative agricultural projects that will add value and make a positive impact on the farming industry and the Northern Ireland rural economy.
Financial assistance takes the form of an interest rate subsidy on loans taken out in pursuance of an agreed agricultural project as detailed in the applicant's business plan. The maximum amount of interest rate subsidy available is £17,000 and the maximum duration of subsidised interest payment is five years. Full details are given in the NES1 Explanatory Booklet – follow link below.
This Scheme closed to new applications on 27/02/2009 If you have any queries contact Orchard House on Tel 028 7131 9900 or CAFRE on 028 7772 1819 or 028 7930 2138
New Entrants Scheme Booklet
New Entrants Scheme Stage 1 Application
New Entrants Scheme Final Application