UK: AHDB and GB Potatoes agree on use of residual potato levy reserves to fund seven industry projects

Published 2024년 11월 18일

Tridge summary

The AHDB board has approved a recommendation to allocate approximately £1.8 million from potato reserves to fund seven proposed potato projects over three to five years. This decision follows the end of levy payer activities in the sector. Initially, £1,371,880 will be distributed over the first three years, with an additional £426,238 potentially available for years four and five, subject to a successful review and available funds. The initiative is backed by major potato organizations, including the National Farmers' Union and the British Potato Trade Association, with £400,000 reserved for potential liabilities.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The recommendation, made by AHDB's board earlier this year, received official approval following the wind-down of levy payer activities within the sector and has been supported by the main potato membership organisations. Scott Walker, GB Potatoes Chief Executive, said: AHDB CEO Graham Wilkinson said: The seven proposed projects are: The funding will be transferred from circa £1.8m of potato reserves held by AHDB since the wind-down of levy payer activities, £400,000 of which is set aside to cover any potential residual liabilities. The grant will be tapered over three to five years, reducing each year as GB Potatoes increases its flow of voluntary industry funding. It will comprise £1,371,880 over the first three years. The grant for years four and five could total £426,238, but this would be dependent on a successful review and the availability of sufficient potato ...

Source: Ahdb