Between March 2 and May 31, applications will be open to encourage agricultural investments made by Young Farmers - responsible for the agricultural operation that is set up for the first time, aged between 18 and 40, and has adequate professional competence and competence .
The incentives to receive are divided between two operations:
- 3.1.1. Young Farmers
Non-refundable incentive, in the form of a 20 thousand euros premium, which may increase by 25% if the Business Plan includes investments in the farm, equal to or greater than 100 thousand euros.
If the young farmer is in an exclusive regime (occupation and income) an increase of 5 thousand euros is included.
- 3.2.1. Investments in agricultural holdings
Support rate not exceeding 50% in the case of less developed regions or areas with natural or other specific conditions, or 40% in other regions, and support is given on:
- Non-refundable subsidy for eligible investments up to 700 thousand euros;
- Refundable subsidy on the part of the investment that exceeds 700 thousand euros.
The maximum eligible investment per beneficiary is 5 million euros.
For more information about this program and how you can apply, contact the #STEAMSBS experts.