30 Jan 2018

Start-up grants offered to young Welsh farmers

The Welsh Government is offering 150 young farmers start-up aid worth £40,000 as part of their Young People into Agriculture Scheme.

The government has made £6 million available to fund the scheme, which aims to help people develop their leadership skills and prepare their businesses for life outside of the EU.

The scheme is aimed at high-achieving individuals under 40 years as of the 1 April 2018l who are looking to establish a new business or develop an existing one.

Successful applicants will be asked to demonstrate they have the attributes to lead dynamic businesses and drive change in the wider industry.

To qualify for the money, which can be used as working capital and will be paid in three instalments up until 31 March 2020, successful applicants will need to meet agreed key performance indicators (KPIs).

Applications will initially be scored and ranked according to how they meet the selection criteria.

Different points will be awarded according to the type of business, business structure, academic qualifications, level of continuing professional development and the strength of the business plan.

The applications will be ranked in order until the maximum number allowed (150) is reached.

Only people who are setting up as the head of a holding for the first time (by 1 September of the scheme year), or who started as head of a holding for the first time in the 12 months prior to the 1 April 02018 are eligible.

To find out more about the scheme, click here.

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