Do you want to invest in business to increase the quality and sustainability of your business? There are various grant options where ABAB can think with you.
Why do you want to renew or invest? Welfare and animal health are characteristics that are receiving increasing attention from politicians and society. Here, the ethics associated with equestrian sports are not disregarded. As a stable owner, breeder, groom and rider, you play an important role in the sport’s image for society.
What grant options are there?
The Netherlands has various grant funds. ABAB can think with you to see what grant you are entitled to. Below we review grants for building or renovating your home, investments in roadways, supervision of students, laying trees, hedges and other greenery, innovations and of course the conditions you must meet.
Build or renovate housing
Since 2022, you can make use of a tax benefit for the construction and renovation of your home. You can achieve this benefit by building or renovating in accordance with the requirements of the Sustainable Horse Use measure. This instrument tests your plans based on criteria in areas such as animal welfare, animal health, climate and fire safety. The requirements relate to dimensions of stables, size of folds, but also, for example, whether they have solar panels or not.
It is best to investigate whether you can participate in the measuring rod during the sketching or drawing phase of your project so that you can adjust dimensions if necessary.
The benefit consists of a tax deduction of 27% of the costs incurred through the Environmental Investment Reimbursement and Vamil (arbitrary depreciation 75%). On a complete construction project, the benefit can easily amount to hundreds of thousands of euros. In this way, your company becomes future-proof and lives up to the high welfare requirements. Participation is possible for overnight stays with individual accommodation as well as with group accommodation.
The lanes of your business are, of course, an important part of your home. Do you want to invest in a new outdoor roadway? Then you may be eligible for a grant for this. You can get a tax benefit of no less than 45% + Vamil 75%. To take advantage of this, you need to invest in a roadway where rainwater from your commercial buildings can be collected with overflow in the collection pit, wadi or dammed ditch. In this way, you contribute to sustainability: you retain rainwater on your own property for future use.
Grants for the construction of trees, hedges and other greenery
The eye also wants something: Visitors’ experience, whether they are buyers or customers, is important. You can achieve a familiar feeling by ensuring a neat and clean yard and stables where the horses are quiet, spacious and clean. The presence of green also contributes to a positive image. Such as an avenue of trees at the entrance, groups of trees on the horse grass, the presence of perhaps a pool and the decoration of the place with hedges and shrubs. You can get grants for all these green investments. This year you can get a tax refund of no less than 45% of the investment cost as a deduction for the tax to be paid!
You can also get a grant to guide apprentices. For example, through the Practical Learning Scheme. If you are registered in the Chamber of Commerce as an agricultural company, you even get a bonus! Would you like to develop a business school or learning resources for your own business? There are also grant opportunities. With the SLIM scheme, you can also receive up to 80% subsidy for expenses for development and career counseling for your employees.
There are different ways to innovate in the horse industry. The most well-known way is breeding: the deliberate creation of crosses to develop a new type / model with specific characteristics that have never been created in this way before. According to the Research and Development Promotion Act (WBSO), you can request the payment of the payroll tax to be paid for development projects. The scheme is aimed at any entrepreneur with staff who bears the cost of innovation. A pilot is currently underway for various breeders to examine the applicability of this scheme to the sector.
Keep the terms in mind with all these investments. Each investment must meet specific requirements. For example, a dishwasher, oven or washing machine may also qualify, but they must be specific, sustainable models. You must also apply for the subsidy no later than three months after signing the purchase agreement. With measuring rods, it is wise to start the process before construction begins.
Investment with grants
If you coordinate all these facets of your equestrian team and make use of the opportunities described, you can invest and innovate in a tax-efficient way. This also improves the image of society: people will then see that animal keepers and riders have the animals first.
source: ABBA / KWPN