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Applications for Scotland's National Loan Scheme close tomorrow

NFU Scotland has reminded Scottish farmers they have until tomorrow to apply for the scheme


Alex   Black

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Alex   Black
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Applications for Scotland's National Loan Scheme close tomorrow

NFU Scotland have urged farmers and crofters to apply to National Loan Scheme before the October 12 deadline.

 

The scheme allows farmers to apply for about 80 per cent of their expected support payments in early November following the issues with BPS payments for 2015.

 

 

More than 17,000 farmers and crofters have received letters inviting them to opt in to the national loan scheme and over 10,000 applications have already been received by the Scottish government.

 

Several hundred farmers and crofters were originally sent incorrect information with not all areas of land included in the figures. A new loan scheme letter has been issued to those affected with a later deadline of October 19.

 

Late applications for the loan will be accepted but payment in early November will not be guaranteed.

 

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NFU Scotland’s Chief Executive Scott Walker said: "In light of the ongoing difficulties in delivering CAP monies, we wanted Scottish Government to do all it could to avoid a repeat of the crisis in the rural economy seen last spring.

 

"We suggested and welcome the introduction of this loan scheme for 2016 payments and urge all Scotland’s farmers and crofters to consider applying," he said.

 

“It is important for all to remember that it is an opt-in scheme and you must apply for this loan."


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