Agriculture Loan Scheme Launched by Scottish Government
Post Author:
Anne Melville
Date Posted:
July 19, 2020
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The Scottish Government has announced a £340m loan scheme to help support farmers and crofters through the Coronavirus (COVID-19) crisis.
The scheme will give Scottish farmers and crofters access to vital financial support, up to three months earlier than the EU CAP payment period, to help them with their cashflow to continue to operate during the current crisis.
The loan scheme will enable Scottish farmers and crofters to access up to 95% of their 2020 CAP BPS and Greening payment, restricted to the scheme maximum of £133,638. Loan offer letters will be sent to eligible farmers and crofters from the beginning of August 2020, with the first payments due in September 2020.
https://www.gov.scot/news/agriculture-loan-scheme-launches/
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Photo by Dietmar Reichle on Unsplash
