In September, the Environment Agency and Department for Environment, Food & Rural Affairs announced a new £25 million flood management scheme as part of their Natural flood management programme. This (ring-fenced) funding is being provided by the government and Environment Agency and the scheme is now open for applications from farmers and landowners.
Those that apply for the scheme must use natural techniques to protect their land from flooding such as planting trees and creating wetlands to absorb the water and reduce the risk of flooding. Not only does using natural techniques reduce the risk of flooding but it also helps with tackling climate change and benefit biodiversity, habitats and water quality.
Dan Wood, Agriculture Partner at Hawsons, commented on the announcement of the new scheme: ‘The flood management scheme provides farmers and landowners with a great opportunity to use natural techniques to protect their land from flooding in the future which will protect the quality of their crops and the land on which their livestock live on’.
If you would like to find out more about how you can apply for this scheme please visit the Natural flood management programme on the government website.
If you are considering applying for the scheme, you will need to apply by 10 November 2023.
How can we help?
At Hawsons our dedicated team of specialist agriculture accountants understands that farming isn’t just a business; it’s a way of life.
The rural and agriculture sector is a specialist sector, with unique practices and conventions. We act for a significant number of arable farms and assist farming families in many matters specific to agriculture and farming. This includes tax, will planning and succession planning.
We have been able to assist our farming clients to add value to their businesses. We have advised on the financial and tax consequences of property development, green technologies and capital allowance planning. In particular, we can assist in the area of capital taxes planning. This is a significant issue for farmers following the increase in land values and the availability of development opportunities.
Related content
Hawsons Charity Football Tournament 2024
On Friday (12th July), we hosted our annual charity football tournament to raise money for Sheffield Cathedral’s Schools Singing Programme as part of the Master Cutler Challenge. We would like to thank the following firms for taking part in our tournament and helping...
Emma Stuart promoted to Assistant Manager
Hawsons are pleased to announce that on 1st July 2024 Emma Stuart was promoted to Assistant Manager in the Audit department of our Sheffield office. Emma joined the firm in 2020 on the firm’s graduate scheme, qualifying as a Chartered Accountant in 2023. During her...
HLB wins Network of the Year in 2024
We are pleased to announce that our International network HLB International has won the prestigious award of ‘Network of the Year’ at the International Accounting Forum awards ceremony in London. This is the third time that HLB have won this award in the last five...