RSS   Newsletter   Contact   Advertise with us

UK giving £3 billion for farms

Share on Twitter Share on LinkedIn
Christian Fernsby ▼ | December 30, 2019
The UK Chancellor has confirmed nearly £3 billion of funding for 2020 to support farmers once the UK leaves the EU.
UK farmers
Farms in Britain   UK farmers
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.

Topics: Farms UK

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.

It is in addition to the £206.6 million of funding awarded since the last spending round to support the farming sector in Scotland and Wales.

The funding will be available from late 2020, as in previous years.

The UK Government will, therefore, provide £2.852 billion of support, topping up the remaining EU funding, and matching the total funding for Direct Payment available for 2019.

The funding is spread across two financial years.