Commons Sense

House of Commons · Written Ministerial Statement

Direct Payments Funding

09 January 2020 · Treasury

Proposed by Rishi Sunak Con Richmond and Northallerton

Agriculture & Rural AffairsBrexit

Summarised by AI from the official record, so it can contain mistakes.

View on Parliament.uk

At a glance

Key points

  • The Treasury has allocated 2,852 million to replace EU funding for farmers' direct payments in 2020.
  • The funding level for Direct Payments 2020 is set to be the same as the 2019 scheme.
  • The allocated funds are based on an exchange rate of 1 = 0.89092.

Issue summary

The statement addresses the funding allocation for farmers' direct payments in the UK post-Brexit.

Action requested

The Treasury has allocated £2,852 million to replace EU funding and support Direct Payments 2020 at the same level as the 2019 scheme. This funding is ringfenced and based on an exchange rate of €1 = £0.89092.

Key facts

  • The Treasury has confirmed £2,852 million in funding.
  • Funding covers financial years 2020/21 and 2021/22.
  • Exchange rate used is €1 = £0.89092.
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