Thursday, November 15, 2018

Government unveils £30m to boost farm productivity

November 1, 2018 by  
Filed under News & Business

Defra has confirmed £30m in funding for further rounds of its Countryside Productivity Small Grants scheme (CPSGS), which helps farmers buy equipment to boost productivity.

The first round of funding was launched in February. The government says it is on course to grant more than £15m to farmers who applied to buy new kit. This includes precision farming and resource management equipment, as well as livestock items.

Defra secretary Michael Gove made the announcement ahead of the Government’s Agri-Tech Investment roundtable in London last month. The event was hosted by DIT and attended by Defra, BEIS and DFID and attended by Bayer Crop Sciences, Elanco, Marine Harvest and Zoetis.

Mr Gove said: “The UK is a world-leader for talent in agriculture and technology, so there are real opportunities for our burgeoning agri-tech sector. Harnessing technology enables our hard working farmers to become even more productive and environmentally efficient.

“We are already seeing the rewards of investing in agri-tech, with around £15m of new funding announced today for farmers to purchase hi-tech equipment. We know that by embracing technology… farm businesses can become more efficient, productive and resilient.”

New items have also been added to the list of equipment eligible for funding following industry feedback,  in the second round, including fruit ripeness spectrometers and nitrogen-measuring devices for calculating fertiliser application for crops.

Further details about the scheme and the items eligible for the first round of funding will be published in early 2019 when the next round of funding opens for applications.

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