Bridging payments secured for farmers awaiting BPS farm subsidy payouts
- Credit: PA
Environment secretary Andrea Leadsom has announced bridging payments for farmers still waiting for their full Basic Payment Scheme (BPS) farm subsidy payment for 2016 in a bid to ease cashflows.
To date £1.52bn worth of BPS payments have been made to more than 82,000 (95.5%) farmers in England, the Department for the Environment, Food and Rural Affairs said. Any eligible farmer who has not received their full payment for 2016 by the end of March will be offered a bridging payment for 75% of their claim value.
Speaking at the 2017 National Farmers’ Union conference, Mrs Leadsom said: “As of today 95.5% of farmers have received their 2016 basic payment, but I recognise that if you’re one of the 4,000 still waiting – you need to know when you will get paid. So this week I secured agreement from the Treasury to offer a 75% bridging payment to anyone with outstanding payments by the end of March.”