PRESS RELEASE: ‘ FUNDING FOR RURAL DEVELOPMENT PROGRAM OF £14 MILLION AVAILABLE ‘

#AceFinanceNews – UK.Feb.25: Farmers will soon be able to apply for new grants to help them protect the environment and reduce water pollution. Environment Minister, Dan Rogerson, announced today that Natural England will be accepting applications for Water Capital Grants from 2 March.

Providing £10 million worth of government funding to the farm industry, these grants will fund new projects to reduce the impact agriculture can have on water quality.

Dan Rogerson made the announcement a week after applications were invited for Woodland Capital Grants. Farmers, land managers and foresters are encouraged to apply for grants, worth a total of £4 million to create new woodland, while protecting our existing forests and restoring tree health.

Environment Minister Dan Rogerson said:

#AFN2015

PRESS RELEASE: ‘ UK GOVERNMENT INTENDS TO MAKE FUNDING AVAILABLE TO HELP FREEZE COUNCIL TAX ‘

#AceFinanceNews -UK:Feb.25: The government intends to make funding available to help councils freeze their Council Tax in 2015 to 2016.

This letter from the Department for Communities and Local Government to council chief executives explains how the scheme will work.

UK Press Release:

#AFN2015

BRITAIN: ‘ EQUITABLE LIFE PAYMENTS SCHEME REACHES £1 BILLION REPAID TO POLICYHOLDERS ‘

#AceFinanceNews – Featured Report:BRITAIN:Feb.25: The Economic Secretary has today confirmed that over £1 billion has been paid out to Equitable Life policyholders through the Equitable Life Payments Scheme.

The scheme was set up by the government in 2011 to make fair and transparent payments to policyholders who suffered financial losses as a result of government maladministration which occurred in the regulation of Equitable Life.

Since the last progress report in October 2014, the scheme has issued payments to a further 9,000 policy holders, meaning that over 896,000 eligible policyholders have now had tax-free payments.

The figures are broken down as follows:

  • 412,445 payments to individual investors have been issued totalling £560.3 million
  • 37,764 With-Profits Annuitants (WPAs) or their estates have been issued payments by the Scheme. These Initial and subsequent payments total £271.4 million
  • 446,158 payments totaling £169.3 million have been issued to those who bought their policy through their company pension scheme

The scheme remains committed to tracing and paying as many eligible policyholders as possible and will consider all proportionate actions it can take to do this. Significant efforts have already been made, including extensive electronic tracing methods, writing to policyholders’ last known addresses, working with other government departments and liaising with group scheme trustees.

UK Government – Press Release.

#AFN2015