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Direct Payments Funding
09 January 2020
Type
Written Ministerial Statement
Department
Treasury
At a Glance
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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Assessment & feedback
Summary accuracy