Upcoming TAMS deadline, new grants, and key considerations for farmers
The next closing date for applications under the Targeted Agricultural Modernisation Scheme (TAMS III) is fast approaching, with submissions due by 6th June 2025. The Department of Agriculture, Food and the Marine has also announced additional 2025 tranche deadlines, scheduled for 5th September and 5th December.
This extended timeline is a welcome development for farmers, providing additional opportunity to plan and prepare capital investment projects. However, it’s important to approach these applications with careful consideration, as the implications—both financial and operational—can be significant.
TAMS III grant aid: what’s available
The standard grant aid under TAMS III is 40% of €90,000, increasing to 60% for eligible Young Trained Farmers. For those in a Registered Farm Partnership, the ceiling rises, allowing a grant claim on a total spend of up to €160,000.
In addition, the Low Emissions Slurry Spreading Equipment (LESS) grant remains available under the scheme. This provides 40% grant aid on slurry spreading equipment—rising to 60% for Young Trained Farmers applying through the Young Farmer Capital Investment Scheme (YFCIS). For partnerships, the eligible expenditure ceiling increases to €60,000.
New 60% ring-fenced grant introduced
A further boost for 2025 applicants is the introduction of a new ring-fenced TAMS III grant, announced by the Minister for Agriculture, Food and the Marine. This grant, separate from existing TAMS supports, offers 60% grant aid on investments up to €90,000.
Qualifying infrastructure includes:
Manure pits
Mass concrete tanks, including precast options
Circular slurry stores
Geo membrane lined slurry stores
This funding stream is designed to support improvements in slurry storage and nutrient management—key areas in ongoing sustainability and environmental compliance efforts.
Plan carefully before you apply
While upcoming deadlines may create a sense of urgency, farmers are encouraged to avoid rushing investment decisions. Applying without thorough planning can be more costly in the long term than waiting to make the right investment.
Before proceeding with an application, consider the following key areas:
Investment viability
Will the proposed capital expenditure deliver a clear return on investment?
Cash flow management
Has the investment been financially planned?
If borrowing is required, do you have the necessary borrowing capacity?
Tax planning
Ensure consideration is given to VAT, income tax, and potential capital repayment challenges.
At ifac, we recommend farmers seek professional advice before making significant financial or structural decisions related to capital investment. Our team is available to support clients in assessing the financial, tax, and operational impact of any proposed projects under TAMS III.
