The Euro exchange rate has been set at €1 = £0.85228 for calculating 2021 Basic Payment Scheme (BPS) payments.This is based on an average of the European Central Bank exchange rates set in September.
The previous year’s exchange rate for 2020 BPS was €1 = £0.73129 representing an increase of 16.5 per cent on the 2020 rate and the most favourable rate since 2011.
The Rural Payments Agency (RPA) will make full payments on 2021 BPS claims from the opening of the payment window in December and all payments will be made directly into bank accounts. It is crucial that you notify any changes to your bank details in order to avoid any delays.
Should you have any questions concerning your 2021 BPS please contact Carol Johnson or Gillian Pattinson.