Loan cash to support farm work

Published date10 September 2021
The 2021 National Basic Payment Support Scheme will maintain vital cash flow for businesses by injecting up to £337 million into the rural economy.

The scheme will give farmers and crofters access to vital financial support up to three months earlier than the EU CAP payment period, helping them continue to operate.

The loan scheme provides Scottish farmers and crofters access of up to 95 per cent of their 2021 CAP BPS and Greening payment, restricted to the scheme maximum of £133,638. Loan offer letters will be sent to eligible farmers and crofters this week with the first payments due in September.

Rural Affairs Secretary Mairi Gougeon said: "Our absolute priority is ensuring farmers and crofters receive their payments and this scheme will ensure that farmers can access this support at the earliest ever point.

"There are a number of challenges arising from Brexit including around food supplies.

...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT