On the 17th July 2020 a loan scheme to support farmers and crofters through the coronavirus (COVID-19) crisis was announced by announced by the Rural Economy Secretary Fergus Ewing.
With the additional uncertainty caused by Brexit, the National Basic Payment Support Scheme will maintain vital cash flow for farm and croft businesses by injecting up to £340 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 during the crisis.
The loan scheme provides Scottish farmers and crofters access of 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, with the first payments due in September.
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If you require any further information regarding funding or business support, please contact
Covid-19 Response Coordinator
Tiree Community Development Trust
T: 07741 489 959