Applications for the government’s Lump Sum Exit scheme in England close at midnight on 30th September 2022. The scheme is for Basic Payment Scheme (BPS) applicants in England who wish to leave farming – either to retire or to take up a different occupation. To find out how much you could receive as a lump sum payment, you can request a forecast statement.
Once the lump sum payment is made, you will no longer be eligible for BPS payments or delinked payments (which are due to replace BPS in 2024) in England.
As you will no longer be farming, you may need to repay back any money received through the Farming Investment Fund, Countryside Stewardship (CS) or Environmental Stewardship Scheme (ES or ELS/HLS), unless the CSS/ ES agreement can be transferred to the person taking on the land.
As you will no longer be farming, you may need to repay back any money received through the Farming Investment Fund or the Countryside Stewardship Scheme (CSS), unless the CSS agreement can be transferred to the person taking on the land.
Follow the link below to find out more about eligibility and how to apply for the scheme.
How to apply for a lump sum payment to leave or retire from farming – GOV.UK (www.gov.uk)
