Section 4 Farm diversification plans
The appropriate Minister shall not approve any proposed expenditure for the purposes of grant under this scheme unless a farm diversification plan relating to that expenditure is submitted for the approval of that Minister and is approved by him.
A farm diversification plan submitted for approval shall be set out in such form as the appropriate Minister may from time to time require and the person submitting it shall furnish all such particulars and information relating thereto as the appropriate Minister may require, and in particular—
sufficient information to show that the person undertaking to carry out the plan is an eligible person and that the plan relates to the carrying on or establishment of an ancillary farm business;
details of the agricultural business of which the ancillary farm business forms or will form part at the time of submission of the plan for approval and of any other business carried out on the same land as the agricultural business;
a description of the land and buildings to which the plan relates;
an indication of the measures to be taken, and in particular of the investments to be made and the timing of such investments in order to achieve the aim of the plan;
a description of the ancillary farm business to which the plan relates on completion of the plan in the form of an estimated budget and an estimate of the implications of the completion of the plan for the economic situation of the agricultural business of which that ancillary farm business forms or will form part, including the number of persons gainfully employed in the carrying on of that agricultural business.
The duration of a farm diversification plan shall be such period as is specified in the plan, being a period not exceeding six years from the date of approval of the plan.