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August 31st 2021

New loan scheme for Scotland's farmers and crofters

Speaking at his annual address at the National Farmers Union of Scotland AGM, Rural Economy Secretary, Fergus Ewing set out his proposals for legislation on the protection of livestock, proposals for a green recovery and provided farmers and crofters with financial clarity by setting out the payment strategy for the months ahead.

After a tumultuous year with coronavirus (COVID-19) and Brexit uncertainty, Mr Ewing laid out the key role that farmers and crofters will play in managing Scotland’s environment and landscape along with being part of the climate solution.

To give them the certainty to plan ahead, he provided assurance around finances by committing to another run of The National Basic Payment Support Scheme with loan payments starting in September 2021.

A total of £337m will be available to agricultural businesses, loan offers are being sent out during the last week in August, with first payments due to be made in September 2021.

The Scottish Government said it was essential that they “have the cashflow they need to continue operating”.

The 2021 National Basic Payment Support Scheme will give farmers and crofters access to financial support up to three months earlier than the EU’s common agricultural policy (CAP) payment period.

If you require suport with managing your farm's cash flows, contact us today.

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