The FRV Interim Operational Agreement 2020: What You Need to Know
The FRV Interim Operational Agreement 2020 is an important document that outlines the operational framework of the Farm Resilience Programme (FRP). The FRP is a joint initiative between the Prince’s Countryside Fund and the National Farmers Union, aimed at supporting small farming businesses in the UK.
If you are a farmer or a small business owner in rural areas, you may be eligible for the FRP, which provides financial support, training, and guidance on a range of topics, including business planning, financial management, and diversification. The FRP is designed to help you improve your resilience, sustainability, and profitability, by providing you with the tools and resources you need to succeed.
The FRV Interim Operational Agreement 2020 sets out the terms and conditions of the FRP, including eligibility criteria, funding arrangements, and reporting requirements. It also defines the roles and responsibilities of the various stakeholders involved in the programme, such as the funders, the delivery partners, and the farmers.
One of the key features of the FRP is the Farm Business Review (FBR), which is a comprehensive assessment of your business conducted by an experienced adviser. The FBR covers a wide range of areas, such as finance, marketing, operations, and environmental sustainability, and provides you with a detailed report highlighting your strengths and weaknesses, and recommending actions to improve your performance.
Another important element of the FRP is the Business Development Plan (BDP), which is a detailed roadmap for your business growth and development. The BDP is tailored to your specific needs and goals, and includes a range of practical and achievable actions, such as diversifying your income streams, improving your production efficiency, or enhancing your digital marketing.
To qualify for the FRP, you need to meet certain criteria, such as having an annual turnover of less than £1 million, being a family-run farming business, and being committed to improving your sustainability and resilience. You also need to demonstrate a clear need for support, such as facing financial difficulties, struggling with competition, or dealing with adverse weather conditions.
If you are eligible for the FRP, you can apply for funding and support through one of the delivery partners, such as the Rural Business Network or the Farming Community Network. These partners will help you navigate the application process, assist you in accessing the relevant resources and training, and work with you to implement your Business Development Plan.
In conclusion, the FRV Interim Operational Agreement 2020 is a crucial document that governs the operation of the Farm Resilience Programme, which provides vital support to small farming businesses in the UK. If you are a farmer or a rural business owner, you should explore the benefits of the FRP and see how it can help you improve your resilience, sustainability, and profitability. Contact your local delivery partner today to find out more.
