The Welsh farming industry is set to see an extra £5.2 million after an independent review looked at the distribution of EU funding.
Following the recommendations of an independent review led by Lord Bew, the UK Government will allocate £5.2 million of new funding for Welsh farmers until 2022.
The UK Government also says it will "create a more tailored funding formula" during this Parliament.
Lord Bew’s review, announced last year, looked at what factors should determine the distribution of so-called ‘convergence’ funding – additional Common Agricultural Policy funding allocated to the UK between 2014 and 2020 to make payment rates more equal between EU Member States – to farmers over the next two years.
The panel was made up of representatives from each part of the UK – Lord Curry of Kirkharle, Jim Walker, Rebecca Williams and Leo O’Reilly represented England, Scotland, Wales and Northern Ireland respectively.
Convergence funding was introduced by the European Union to redistribute CAP payments fairly between Member States. Those Member States who receive less than 90% of the EU average receive a funding uplift.Read more: