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EU funding initiative aims to boost significant investments in rural areas of Turkey

by John Pierce
July 3, 2023
in Business
2 min read
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Supported by pre-accession funding to the European Union programTürkiye plans a new investment of Nearly 20 billion TL ($1 billion) to renew production in Rural areas in Tuesday’s report said.

Supports IPARD III software development of agriculture and rural areas in candidate and potential candidate countries for European Union membership.

the new Investment, coordinated by the Agricultural and Rural Development Support Corporation (TKDK) of Turkey’s Ministry of Agriculture and Forestry aims to establish up to 30,000 new A report issued by the Anadolu Agency stated that the jobs.

IPARD aims to support preparations for coordination with European Union standard agricultural and rural development policies and policy development.

Within the framework of the IPARD I initiative, which aims to enhance the competitiveness of the agricultural sector, strengthen the physical infrastructure, enhance economic capacity and promote diversification in Rural areas, more More than €1 billion (about $1.1 billion) has been earmarked for 10,653 projects through to completion. in 2016.

IPARD II program 676 million euros for 11,022 projects.

The Ministry of Agriculture and Forestry is actively working in preparatory work for The upcoming IPARD III program, scheduled to begin in the second half of this year And run Until 2027.

Since 2020, comprehensive sector analyzes and perspectives have been conducted of All stakeholders were taken into consideration during this process.

application of The IPARD III Program will commence upon the enforcement of the Funding Agreement, which will be mutually signed with European Commission.

The European Union has allocated a significant contribution of 430 million euros for IPARD III program. next to the ministry of Agriculture and forestry undertakings total budget It amounts to 555 million euros. It is worth mentioning that program It offers attractive incentives such as high grant rates between 50-75% and tax exemptions for Which makes it particularly attractive.

The IPARD III program aims to increase total public Contribute to the LEADER focused project on local implementation development strategies in rural areas, to 50 million euros. This increase aims to satisfy the local working groups and promote their initiatives. Moreover, there was an increase in Agriculture and the environment budget.

Moreover, another development in the program Allocates funds for public Infrastructure investments and advisory services in Rural marking first time like budget is set.

through combination of Contributions from the IPARD III program and additions budget Allocated by the Ministry of Agriculture and Forestry, the aim is to facilitate a new Total 20 billion TL, with Almost 11 billion TL of funds.

In addition, there plans To expand the IPARD program, which is currently Employment in 42 provinces, to include all 81 cities in Country.

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