TITLE IVRURAL DEVELOPMENT SUPPORT
CHAPTER IAXES
SECTION 1Axis 1
Improving the competitiveness of the agricultural and forestry sector
SUBSECTION 2Conditions for measures aimed at restructuring and developing physical potential and promoting innovation
Article 26Modernisation of agricultural holdings
1
Support provided for in Article 20(b)(i), shall be granted for tangible and/or intangible investments which:
a
improve the overall performance of the agricultural holding; and
b
respect the Community standards applicable to the investment concerned.
Where investments are made in order to comply with Community standards, support may be granted only to those which are made in order to comply with newly introduced Community standards. In that case, a period of grace, not exceeding 36 months from the date on which the standard becomes mandatory for the agricultural holding, may be provided to meet that standard.
In the case of young farmers receiving support provided for in Article 20(a)(ii), support may be granted for investments to comply with existing Community standards, when identified in the business plan referred to in Article 22(1)(c). The period of grace within which the standard needs to be met, may not exceed 36 months from the date of setting up.
2
Support shall be limited to the maximum rate laid down in the F1Annex I.