Cash Flow and Financial Forecasting

Understand the changes DEFRA has recently announced in the payment process for BPS

Due to price increases in fertiliser, tractor diesel and electricity they are planning to make BPS 2022 payments in 2 instalments. Farmers with eligible applications will receive half of their payment from the end of July, and the rest from December.

DEFRA have said “Bringing forward half of this year’s BPS payment gives farm businesses an advance injection of cash. It won’t affect farm profitability, but we’re hoping it will help farmers to make business decisions with more confidence”.

This workshop provides farmers with the opportunity to revisit their approach to financial management and cash flow and have robust financial reporting systems in place to ensure cash flow is diligently managed.

The workshops will look closely at discussing:

  • Reviewing and planning your DEFRA has recently announced a change in the payment process for BPS budgets
  • Effective cost control
  • Creating awareness around your business cashflow

 

About Thrive X

The Thrive X service  has been fully-funded by the European Development Fund to allow us to offer you 12 hours of free business support through a range of one-to-one advice and workshops with expert advisors and speakers.

 

Important Information

Eligibility:

To be eligible to attend this free workshop you need to be based in Devon or Somerset (excluding Torridge, North Devon, North Somerset & BaNES). If you are unsure, you can check by entering your postcode into the Government Council Checker.

Your Data:
Please check our privacy policy to see how we store and manage your submitted data.


The Heart of the South West Growth Hub Service for All is receiving up to £781,965 of funding from the England European Regional Development Fund (ERDF). The accountable body for this programme is Devon County Council.

Date

Jul 13 2022

Time

6:30 pm - 9:30 pm

Location

Online