- this cash injection will maintain the level of funding for Direct Payments at the same rate as last year
- this will provide certainty for farmers, giving them confidence for next year
The Chancellor has this week given a welcome boost to UK farmers and rural communities by announcing nearly £3 billion of funding for 2020.
Sajid Javid confirmed the cash will be used to support farmers once the UK leaves the EU next year, allowing them to plan for the future, sow their crops and care for their livestock with confidence.
The UK will leave the Common Agricultural Policy (CAP) Direct Payments scheme, which supports farmers across Europe with subsidies in 2020. This will be replaced by a new system based on public money for public goods.
The cash injection will allow the funding for Direct Payments for 2020 to continue at the same level as 2019 and supplement the remaining EU funding that farmers will receive for development projects until 2023 at the latest. We will guarantee the current annual budget to farmers in every year of the Parliament.
It is in addition to the £206.6 million of funding awarded since Spending Round to support the farming sector in Scotland and Wales.
Chancellor of the Exchequer, Sajid Javid, said:
When we leave the EU and are freed from the Common Agricultural Policy, we will be able to support our vital rural communities – who are a cornerstone of life in the UK – with a fairer and less bureaucratic system.
Farmers can enter the New Year with confidence that they have our backing and will be able to thrive after Brexit.