The Department for Environment, Food & Rural Affairs (DEFRA) confirmed that several grant funds will reopen, providing financial support for farmers and estates. These grants are designed to help improve productivity, sustainability and innovation across the sector. However, this has been somewhat overshadowed by the closure of the Sustainable Farming Incentive (SFI) scheme, with payments stopped with immediate effect.
The increase to the National Minimum Wages (NMW) from April 2025, will see another increase in NMW since its introduction. While many employees and businesses favour the proposed increases which go some way to offset the uplift in the cost of living, some SMEs oppose the rise saying that it is only a ‘benefit’ to businesses that can afford it.
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