CKD Galbraith Offer Advice To Young Farmers With SRDP Deadline Looming
If 2013 has been a year earmarked for farm investment then young farmers are being advised by CKD Galbraith that the deadline for SRDP funding applications is fast approaching.
Axis 1 and 3 funding rounds will take place in June but farmers wishing to have applications considered have to submit them by February 20.
Gordon McConachie, who worked as an inspecting officer for 17 years with SGRPID before joining CKD Galbraith’s rural division, has been providing expert assistance to farmers with applications for the scheme for the last three years.
Gordon has advised potential applicants that although there are good opportunities available, the eligibility criterion for this funding round is quite narrow. He said: “As a New Year gets underway, the firm has received many enquiries from farmers asking for advice on the best way to get funding through SRDP. This final round of SRDP is a good opportunity for those young farmers who wish to invest in capital projects to do so, with up to 60% grant funding available.
“In broad terms, applications are open to two categories of farmers: new entrants to the sector who are under the age of 40 and farm businesses where a partner, again under 40 years of age, has become the majority shareholder within the business inside the last 12 months.
“The applications process is not easy to negotiate and can be very time consuming so we would advise farmers of the need to start the process early.
“The funding is available for capital projects such as investment in buildings and for diversification purposes such as the introduction of a bed and breakfast or retail outlet on the farm.
“All farmers have huge demands on their time, especially during the winter months, but if you can put time and effort into the application process, or ask for expert help with it, then it can provide real value for your farm in the future. We would urge all young farmers to look at the funding available just now and ask early for advice on potential issues rather than leaving it until nearer the application deadline. This may be the last opportunity for some time given that negotiations are still ongoing in Europe on the content, and more importantly budget, for the next round of Rural Development.”
To discuss SRDP applications further then contact Gordon McConachie at CKD Galbraith on 01343 546362 or email: email@example.com