€50m set to be issued to AEOS and REPS participants in the next week
“Around €50m will issue to AEOS and REPS participants in the next week. These payments represent the initial 75% payment which my department is allowed to release following the completion of detailed administrative checks,” he said. “In accordance with EU regulations these checks must be completed on all applications before any payments can issue.”
The total expenditure on the REPS and AEOS schemes in 2013 will be around €200m. Payments under the disadvantaged areas and single payment schemes began on Sep 25 and Oct 16 respectively.
To date, payments worth in excess of €600m have issued in respect of nearly 119,000 single payment applicants with payments worth over of €186m issuing to some 88,000 applicants under the disadvantaged areas scheme. These figures compare favourably with the 2012 payment figures at the same time last year.
