Apply for financial grants for investments to diversify agricultural businesses

Prerequisites

You can receive funding if:

• You are running an agricultural business or are setting up or developing an independent business in the agricultural sector for the first time
• You generate more than 25% of your sales from the production of plant or animal products from soil cultivation or animal husbandry
• You reach the limit set by the agricultural pension fund
• Your company can have organized management
• You can demonstrate professional qualifications to manage your business
• You can provide advance accounting for the next three years
• You can provide an investment concept about the economic viability of the company and the measures to be implemented.

Documents required

• Investment concept
• Last three book finishes
• Last three available income tax assessments
• Statement of Assets
• Qualified cost estimate or three comparative offers

Please note

There is no legal entitlement to a subsidy. The granting authority decides within the framework of the available budget resources and at its own discretion.

You may only start with the planned measures after the responsible authority has approved the funding. This also applies to the conclusion of delivery and service contracts.

If you are approved for grants, you must then prove that the funds were used appropriately

Deadlines

No deadline to submit an application. However, you must have the funding approval before you start implementing any measures.




You must submit evidence of the appropriate use of the funding to the responsible authority no later than six months after the end of the funding period.

Procedure

• You submit a written application and at the same time the necessary documents to the responsible office.
• The responsible office will check your application and the documents and, if necessary, request any missing information from you.
• After a complete examination, you will receive a rejection letter or an approval letter.
• They carry out the intended actions.
• You provide proof of the costs you have incurred to the responsible authority.
• If the decision is positive, the responsible authority will pay out the grant to you after carrying out the administrative and, if necessary, on-site inspection.

Processing time

Approximately 4 - 6 weeks from the time all necessary documents are submitted.

Fees

No

Legal remedies

contradiction

Legal basis

Guideline of the Free and Hanseatic City of Hamburg on the granting of grants for investments for diversification in agricultural companies


https://www.luewu.de/docs/anzeiger/docs/3042.pdf

If you do not earn sufficient income from your previous work in agriculture and would like to create an additional source of income through further self-employment in the agricultural sector, you can apply for financial support for this.

Eligible expenses include:

• Construction, acquisition or modernization of real estate
• Initial purchase of new machinery and equipment as part of the creation of additional sources of income, including computer software
• General expenses (e.g. engineering services, consulting, permits, licenses)
• Investments in stables for keeping horses for retirement
• Investments in the area of “holidays on the farm” as well as investments in the area of direct marketing
• Supervisor fees