Matt Carthy (Cavan-Monaghan, Sinn Fein)
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783. To ask the Minister for Agriculture, Food and the Marine the maximum allowable allocation for on-farm investments in the 2023 to 2027 period per his CAP Strategic Plan; the allocation in Budget 2023; the remaining maximum allowable allocation in 2024 to 2027; and if he will make a statement on the matter. [49588/22]

Charlie McConalogue (Donegal, Fianna Fail)
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The Indicative Budget for on-farm investments for the period 2022-2027 is €404m. This includes an indicative budget of €304m under the current Rural Development Programme, and an indicative budget of €100m is proposed under the CAP Strategic Plan 2023-2027. Both programmes will run in parallel for the years 2023-2025.

In the recent Budget, I announced an allocation of €90m for TAMS in 2023 which is an increase from €82m on the 2022 budget. This allocation will also support the proposed changes to the RDP including to support solar panels on farm next year. An increase to 60% grant rate and a standalone investment ceiling of €90,000 for solar panels is proposed. These changes are subject to EU approval and will form part of the 13th Amendment of the Rural Development Programme.