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Extension of Closing Date for Dairy Investment Scheme

The Department of Agriculture and Food, following a meeting with representatives of the dairy processing industry, announced the extension of the closing date for the Dairy Investment Fund to 23rd November 2006.

The meeting, attended by representatives of Enterprise Ireland, was held for the purposes of providing clarification on certain issues regarding the detailed operational rules for the capital investment scheme.

The Dairy Investment Fund includes €100 million of Government grant assistance and is designed to stimulate necessary investment in the sector to ensure the long-term competitiveness and viability of the dairy industry in Ireland. The Department said that the fund had attracted significant interest from within the sector and the extension of the closing date will allow the industry a further period of four weeks to complete the application process.

6 October 2006

Date Released: 06 October 2006