£20 million loan scheme to help farmers now open to applicants
Scottish Government Rural Affairs Secretary Richard Lochead has announced The £20 million loan scheme announced by Rural Affairs Secretary Richard Lochead is now open to applicants.
The scheme is being targeted at those in genuine financial need but who cannot get support through their normal bank. Farmers and crofters are being asked to approach their bank first. If their request is declined, they can then go to the Scottish government for a fast-tracked interest-free advance worth 60% of their CAP cliams to tide them over until their payment comes through.
Application forms will be available from the Rural Payments and Services website or by alling the RPIC customer helpline on 0300 300 222.