How are the Farming & Fishing Programme funds disbursed?
Disbursements will be made directly to Vendors with business bank accounts who can accept wire transfers. Working capital will be paid to staff with formalized contracts or proof of NIB contributions directly. Other working capital items, such as utilities, rent, taxes, and/or licenses will be paid directly to the company or landlord.
Disbursements will be permitted for the following items only:
- Farm buildings: including shade houses, greenhouses, storage facilities, animal housing, tunnel houses, night folds etc.
- Agriculture equipment - including irrigation equipment, pumps, generators, tractors, implements trailers, packing line/grading system, sprayers, cultivating equipment, hydroponic, aquaponics systems etc.
- Input supplies – seeds, seedlings, plants, herbicides, fungicides etc.
- Food and agri-processing supplies and equipment apiary equipment
- Digging of wells
- Solar or other alternative energy equipment
- Purchase of fishing vessels, trailers, outboard and diesel engines
- Refrigerated trucks
- Fishing equipment – freezers, generators equipment for aquaculture development
- Input supplies/fishing gear – pots, traps, or materials for constructing the same
- Information, communication and technology – radios, computer equipment, software
- Agriculture incubator participants
- Insurance coverage on vessels and equipment (fishing and agriculture)
- Working capital – will be paid up to a maximum percentage of the total funding request - Micro (20%), Small (15%), Medium (10%). I.e. If the total funding request is $8K, the maximum allowable working capital to be approved is $1,600.