Funding announced for farmers to help weather the storms, both literally and economically.
6th January 2020
Two separate initiatives have been launched and extended respectively, to provide financial help to farmers who are facing uncertainty once the UK leaves the EU and to those who suffered uninsurable damage to their property in the November floods.
Announced in December by Sajid Javid, £3 billion has been set aside in 2020 for UK farmers and rural communities to support them once the UK leaves the EU next year, allowing them to plan for the future, sow their crops and care for their livestock with confidence.
The UK will leave the Common Agricultural Policy (CAP) Direct Payments scheme, which supports farmers across Europe with subsidies in 2020. This will be replaced by a new system based on public money for public goods.
The cash injection will allow the funding for Direct Payments for 2020 to continue at the same level as 2019 and supplement the remaining EU funding that farmers will receive for development projects until 2023 at the latest.
In addition to this funding, the Government has also opened applications for a £2million fund to support farmers who suffered damage during the floods at the end of 2019.
Confirmed in November 2019, the extension of the Farming Recovery Fund allows farmers to apply for grants between £500 and £25,000 to cover a number of repair costs, including removing debris, re-cultivation and replacing damaged field gates.
The Farming Recovery Fund is open for applications from farmers with affected land in parts of South Yorkshire, Gloucestershire and the Midlands. Affected farmers in these areas are being encouraged to check GOV.UK to see if they are eligible to claim.
For further assistance with applying for government funding, please contact your usual HB&O advisor on 01926 422292.