Moved by
Lord Grantchester
105: After Clause 1, insert the following new Clause—
“Minimum level of financial assistance
Before exercising the powers under section 1 for the first time, the Secretary of State must lay before Parliament a statement confirming—
(a) the total amount of financial assistance available in the first year in which the Secretary of State intends to exercise the power under section 1,
(b) that this is no less than the total amount provided in the preceding financial year, adjusted for inflation,
(c) provisional total amounts for the subsequent three financial years, and
(d) the reasons for the amounts specified under paragraph (c).”
Member’s explanatory statement
This amendment seeks to ensure that the transition to a new funding system does not result in a reduction in the overall financial assistance provided for agriculture and associated purposes.