Dáil Éireann Debate, Tuesday - 26 April 2022
1922. Deputy Patricia Ryan asked the Minister for Agriculture, Food and the Marine if the investment ceiling in TAMS will be increased for dairy and beef investments; and if he will make a statement on the matter. [20777/22]
Amharc ar fhreagraThere are a wide variety of items available under the suite of seven measures under TAMS II available for beef and dairy investments. There are no plans to increase the investment ceiling available under TAMS II in 2022.
To date, total expenditure under the seven measures of the TAMS, including transitional expenditure, has reached in excess of €353m with commitments of an additional €109m made to scheme participants who have yet to draw down those grants. Some 49,178 applications have been approved under the scheme. All outstanding approvals issued represent potential outstanding liabilities for the Department and we must have a budget in place to pay these claims.
As detailed in the draft Cap Strategic Plan(CSP), subject to the approval of the European Commission, it is proposed under an On-Farm Capital Investment Scheme under the CSP that the investment ceiling will be increased to €90,000. Details of the specific investments have not yet been finalised in relation to the interventions to be included in the CAP Strategic Plan (CSP)(2023-2027). The Capital Investment Scheme (CIS), as is the case with all proposals under the CAP Strategic Plan (CSP), is subject to the formal approval of the European Commission.
