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News - 8 January 2014

Defra: rural development funding for LEPs


The Department for Environment, Food and Rural Affairs (Defra) has announced that it is allocating 12% from CAP direct payments (totalling around £3.5 billion) to rural development in England, of which 5% (around £177 million) has been allocated to the Growth Programme and will be shared between Local Enterprise Partnership (LEP) areas.

The fund is from the European Agriculture Fund for Rural Development (EAFRD) and is for the period 2015 to 2020.

Stuart Coleman, Manager of the Tax Department of ABDS comments:
“This will give an overall Rural Development Programme budget of about £3.5bn. Of this Defra is allocating 5% to the Growth Programme. This gives a total of £177m - assuming an exchange rate of €1 = £0.80 - to be allocated between LEP areas.”

A separate EAFRD-funded Rural Development Programme will operate across rural England which will fund national schemes offering farming and environmental grants and also directly support rural LEADER groups operating at the local level.

Defra is asking LEADER groups to work closely with LEPs when developing their local plans. Defra also wish to offer a meaningful role for LEPs to help deliver growth through the other growth-focused elements of the Rural Development Programme.

If you need any help and advice for your business on the implications of central and local Government Funding initiatives, contact Lavinia Newman, Stuart Coleman or Tonmoy Kumar to discuss how ABDS can help

ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900  E-mail: abds@netaccountants.net

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