Funding support for farm businesses announced by Lesley Griffiths
A new loan facility to help farmers who won’t receive their BPS payment on day one has been announced today by Minister for Environment, Energy and Rural Affairs, Lesley Griffiths.
The existing Basic Payment Scheme (BPS) payment window of 2 December 2019 until 30 June 2020 will be maintained, whilst a BPS Loan Scheme for farmers who don’t receive their first payment on that date will also be provided. The loan for farmers who do not receive their BPS payment will be worth up to 90% of the claim value.
It is hoped the BPS payment and loan scheme will provide certainty to farmers concerned about cash flow in the upcoming months as they approach the UK’s Exit from the European Union and the winter period. Following stakeholder and industry feedback, the loan scheme will also be renamed the ‘BPS 2019 Support Scheme’.
Minister Lesley Griffiths said:
With uncertainty surrounding the impact of Brexit we are determined to support farmers in every way we can and ensure they can cope with the challenges they face in the upcoming months.
With the UK edging ever closer to leaving the EU without a deal it is vital we prepare and provide as much assistance as possible to Welsh farmers. I have made it a priority to ensure we plan sensibly and have been working with our partners, farming unions, charities and many others to ensure our industry is in the best possible position to deal with Brexit.
This payment window and support scheme should help provide some assurances to farmers. It will help them plan their finances in the longer term and manage their immediate cash flow too.”
The support scheme would be available to all, but only paid to farm businesses who ‘opt-in’ to the scheme, and only if their BPS claim is not ready on the first day of the payment window.
Latest News from
Statistics Wales quarterly update: September 201913/09/2019 09:05:00
September 2019 update for users of Welsh statistics on our latest developments, consultations and plans.
£3 million Porthcawl Town Beach Sea Defence scheme officially opened by Lesley Griffiths12/09/2019 14:05:00
A £3 million sea defence scheme, reducing the risk of flood and coastal erosion to nearly 260 seafront properties in Porthcawl was officially opened yesterday by Minister for Environment, Energy and Rural Affairs, Lesley Griffiths.
More than £6.6 million for projects to realise Valleys Regional Park ambition12/09/2019 10:10:00
Eleven Valleys parks and heritage sites named as Discovery Gateways, now including Cefn Coed Mining Museum and Parc Penallta, will share more than £6.6 million to maximise the potential of the area’s natural and cultural assets.
£3m Porthcawl Town Beach Sea Defence scheme officially opened by Lesley Griffiths12/09/2019 09:10:00
A £3m sea defence scheme, reducing the risk of flood and coastal erosion to nearly 260 sea-front properties in Porthcawl was officially opened by Minister for Environment, Energy and Rural Affairs, Lesley Griffiths yesterday (11 September).
Suicide and self-harm guidance launched to support schools10/09/2019 14:15:00
On World Suicide Prevention Day, the Welsh Government has published new Suicide and Self-harm guidance to support teachers and professionals who regularly come into contact with young people.
£6.6 million EU funding to support Gower College Swansea employability programme09/09/2019 11:05:00
A major £6.6 million EU investment is set to expand and extend a Swansea employability programme through to 2021.
“Totally unreasonable” – Finance Minister responds to UK Government’s decision to block devolution of Air Passenger Duty to Wales06/09/2019 14:05:00
Finance Minister Rebecca Evans has condemned the UK Government’s decision to block the devolution of Air Passenger Duty (APD) to Wales as “totally unreasonable”.
Germany is our most important economic partner in Europe, and we can’t let Brexit change that05/09/2019 16:05:00
The message from the Welsh Government’s Minister for International Relations Eluned Morgan at the start of a 2 day visit to the country.