Greater than 15,600 Welsh farms will obtain a share of over £161m when Fundamental Fee Scheme (BPS) 2022 advance funds are made as we speak, Rural Affairs Minister Lesley Griffiths has introduced.
This implies 97% of claimants will obtain a BPS advance cost value 70% of their estimated declare worth.
That is the second yr Rural Funds Wales (RPW) is making computerized BPS advance funds in October.
Earlier than 2021, BPS funds commenced from 1 December yearly.
Regulation adjustments made by the Minister following the top of the EU Exit Implementation Interval simplified the necessities for BPS. This sees BPS advance funds made previous to December to eligible claimants. Explanation why a BPS advance cost is probably not made embrace ongoing land dispute, breaches recognized at inspection or excellent probate issues.
Full and remaining steadiness BPS 2022 funds will likely be constructed from 15 December 2022, topic to full validation of the BPS declare.
It’s anticipated all however essentially the most advanced BPS claims will likely be absolutely validated, and funds made earlier than the top of the cost window on 30 June 2023.
Rural Affairs Minister, Lesley Griffiths stated:
“Following the simplification of BPS necessities, advance funds have been made previous to December which gives monetary certainty to farm enterprise throughout this extraordinarily difficult time.
“As well as, right here in Wales we’ve maintained the BPS price range at £238m, the identical degree as final yr.
“Full and remaining steadiness BPS 2021 funds will likely be constructed from 15 December and my officers will once more this yr be working laborious to make these funds to as many farmers as attainable early within the cost window.”
