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TAMS II Farm Investment Finance
Option 1Available Mon-Fri 8am-9pm, Sat 9am-6pm
Supporting TAMS II Farm Investment
At AIB, we’re backing farmers like you. If you are investing in your farm and applying for TAMS II (Targeted Agricultural Modernisation Schemes II) grant support, we have a selection of tools and guides to help you.
And, if you need finance for your farm investment, we have loans with competitive interest rates and flexible repayment options to suit you.
What is TAMS II?
TAMS II is a series of six investment aid schemes open to farmers to support the sustainable development of Irish agriculture. It has a fund of €395 million over the lifetime of the programme (2015-2020).
The six individual TAMS II schemes are:
- Young Farmer Capital Investment Scheme (YFCIS)
- Animal Welfare Safety and Nutrient Storage Scheme (AWNSS)
- Dairy Equipment Scheme (DES)
- Pig and Poultry Investment Scheme (PPIS)
- Organic Capital Investment Scheme (OCIS)
- Low Emission Slurry Spreading Equipment Scheme (LESS).
TAMS II is administered by the Department of Agriculture, Food and the Marine, and applications must be submitted online via www.agfood.ie. For further information on the TAMS II schemes, please refer to the Department of Agriculture.
Supporting Your Farm Investment Finance Needs
Our farm development loans allow you to fund the long-term development of your farm without placing burdens on your short-term cash flow.
Bridging loans are available at a variable interest rate to fund farm investment (pending the receipt of TAMS II grant aid) or for VAT refunds up to €100k under TAMS II. Bridging loans must be cleared on receipt of TAMS II grant aid or VAT refund. They are available with an interest-only repayment arrangement, up to a maximum term of 12 months.
Tailored Repayments to Suit Your Business Needs
We provide flexible repayment arrangements, including interest-only options and seasonal repayment schedules that match your farm cashflow. Such arrangements may impact the repayment amount and/or term of the loan.
60k in 48 Hours
AIB customers can get approval within 48 hours* – subject to credit assessment – on new business loans and overdrafts up to €60,000.
For loans in excess of €60,000, or for any other financial requirements, we can discuss the best options for your farm business – by phone or in branch.
Call 1890 47 88 33 or visit your local branch.
Request a Business Customer Appointment
Meet one of our business customer advisors for guidance at a time and branch location that suits. Complete this form and your local branch will be in contact in the next 24 hours to arrange your appointment, with an Agri Advisor present.
In order to progress your application, you will need to arrange a meeting with your AIB Relationship Manager and complete this Agri Lending Application Form.
Supporting TAMS II farm investment
Farmers are continually looking at how best to position their farms for the future. We expect farm development supported by grant aid under TAMS II to continue over the coming months as farmers take the opportunity to upgrade farm facilities and equipment.
*We aim to provide a decision within 48 hours, for a minimum of 85% of applications from AIB customers on business loans and overdrafts, upon receipt of all required information. 48 hours excludes Saturdays, Sundays and Bank Holidays. If you have previously been through a restructure, please talk to us in more detail so we can advise the best solution for you.
Warning: The cost of your repayments may increase.
Warning: The entire amount that you have borrowed will still be outstanding at the end of the interest-only period.
Lending criteria, terms and conditions apply. Credit facilities are subject to repayment capacity and financial status and are not available to persons under 18 years of age. Security may be required.
Allied Irish Banks, p.l.c. is regulated by the Central Bank of Ireland.