HomeBussinessFirst instalment of new delinked payments issued to businesses 

First instalment of new delinked payments issued to businesses 

Date:

Related stories

How will a second Trump presidency impact the tech world in 2025?

A second Donald Trump presidency is expected to be...

‘It’s a huge problem’: what’s gone wrong at the ONS and why does it matter?

The Office for National Statistics (ONS), with its number-crunchers...

PAG Buys UK Outsourcer From Nash Squared in Tech-Services Deal

(Bloomberg) -- PAG, one of Asia’s biggest alternative asset...

UK shoppers spending more on the high street than last Christmas

Shoppers surged on to UK high streets on Saturday...

Is Labour to blame for slowing UK economy? It’s more complex than that

Economic growth revised to zero, stubbornly high inflation, and...
spot_imgspot_img

The Rural Payments Agency (RPA) has confirmed today (Monday 5 August) that 98% eligible farmers have received their first instalment of the new delinked payments.        

This means that a further £401 million has now been released into the rural economy alongside funding from other schemes.    

Delinked payments provide continued financial support as Defra encourages farmers and land managers to enter the environmental land management schemes, where they are paid to take actions that will support sustainable food production while protecting the environment.    

This is the first of two instalments this year. The RPA have also brought forward the second instalment, which this year will be paid from 30 September. Farmers will receive continued support through delinked payments until 2027.   

RPA Chief Executive Paul Caldwell said:     

I know that farmers have continued to face a range of challenges this year, with the
wet weather and rising costs impacting bottom lines.    

I am pleased that we have made the first instalment and this year have been able to
bring forward the second instalment, which will be paid from 30 September. We will
continue to make sure farmers are paid promptly to improve cash flow during this challenging period.

Delinked payments are based on the average BPS payment made to the business for the 2020 to 2022 scheme years. We will apply progressive reductions when we calculate delinked payments each year from 2024 to 2027.    

The payments are made directly to farmers’ bank accounts via BACS transfer so farmers should make sure that RPA has the most up-to-date account details on the Rural Payments service. If farmers need to update their account details, they should call the Rural Payments Agency helpline on 03000 200 301, Monday to Friday, 8.30am to 5pm.

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

spot_img