The Scottish government has launched a 340m loan scheme to help farm businesses cope with Brexit uncertainty and the continuing coronavirus pandemic.
The National Basic Payment Support Scheme loans are designed to maintain cashflow, according to Scotlands rural economy secretary Fergus Ewing.
The scheme provides Scottish farmers access to 95% of their 2020 CAP support and greening payments, to a maximum of 133,638.
A similar scheme in 2018 delivered payments worth more than a quarter of a billion pounds to more than 13,500 farmers after a period of bad weather.
The Scottish government urged farmers to look out for loan offer letters in the coming weeks.
These will be sent to eligible farmers and crofters from the beginning of August, with the first payments due in September, it said.
See also: Expert advice on tendering for a farm tenancy ahead of Brexit
Successful applicants will have access to vital financial support up to three months earlier than the EU CAP payment period.
As the end of the Brexit transition period approaches, farmers will be feeling additional anxiety, so it is essential they have the cashflow they need, Mr Ewing said.
He added that the Scottish government had considered using the EU Advanced Payment system to process CAP basic payments earlier than in previous years.
[But] the Covid-19 outbreak made us reconsider whether this could deliver as much support as quickly as a loan scheme, Mr Ewing said.
We have decided to offer the loan scheme so that farmers can access this support at the earliest ever point, he said.
I would encourage anyone who would like to accept their loan offer to do so by email where they can, to allow us to process these important payments as quickly as possible.
NFU Scotland welcomed the government initiative, which would ease cashflow worries and allow farmers to invest in their businesses amid concerns over Covid-19 and Brexit.
Union president Andrew McCornick said knowing the loan scheme was coming would provide reassurance and help farmers talk to their banks about borrowings.
It also backed up the decision to stick to a 15 May deadline for BPS applications, McCornick said.
The ability for the Scottish government to make what will effectively be advanced payments is testament to claimants sticking to the 15 May application deadline, despite the unprecedented circumstances this year.
I would urge all to opt into this years scheme and to do so by email where possible to ensure payments are processed and made as soon as possible, he said.
See the original post:
Scots offered bridging loan to ease Brexit and Covid effect - FarmersWeekly
- Government should stop grandstanding over Brexit | London Business News - London Loves Business - May 2nd, 2020 [May 2nd, 2020]
- Brexit: EU Trade Talks Could Collapse in June over Fishing, Regulations - Breitbart - May 2nd, 2020 [May 2nd, 2020]
- How Kronborg Castle helped to inspire Shakespeare | Latest Brexit news and top stories - The New European - May 2nd, 2020 [May 2nd, 2020]
- Extending the Brexit transition period - Third Force News - May 2nd, 2020 [May 2nd, 2020]
- Theres something common in reactions to Ranbir Kapoors jeans, Brexit and Khan Market gang - ThePrint - May 2nd, 2020 [May 2nd, 2020]
- Boris Johnson's perversity on the Brexit cliff edge reminds me of the Free State's rejection of all things British - Slugger O'Toole - May 2nd, 2020 [May 2nd, 2020]
- Who is on the BBC's Question Time tonight? | Latest Brexit news and top stories - The New European - May 2nd, 2020 [May 2nd, 2020]
- Priti Patel allies to 'demand apology' over bullying allegations | Latest Brexit news and top stories - The New European - May 2nd, 2020 [May 2nd, 2020]
- Post-Brexit carte system 'will be easy', France says - The Connexion - May 2nd, 2020 [May 2nd, 2020]
- Brexit does not belong to one party, and Labour must play its part - LabourList - May 2nd, 2020 [May 2nd, 2020]
- EU free trade deal with Mexico (started at same time as Brexit) is AGREED - Express.co.uk - May 2nd, 2020 [May 2nd, 2020]
- Boris Johnson must extend Brexit talks for another YEAR, major Tory Party donor demands - Express - May 2nd, 2020 [May 2nd, 2020]
- DAVID EDGERTON: Where Brexit and Covid-19 collide | Latest Brexit news and top stories - The New European - May 2nd, 2020 [May 2nd, 2020]
- SNP warn of 'chilling prospect' of no-deal Brexit as UK Gov won't extend talks - The Scotsman - May 2nd, 2020 [May 2nd, 2020]
- Campaigners file case that argues EU citizenship is permanent regardless of Brexit | Latest Brexit news and top stories - The New European - May 2nd, 2020 [May 2nd, 2020]
- Boris gives green light for Brexit Britain to start formal US trade talks NEXT WEEK - Express - May 2nd, 2020 [May 2nd, 2020]
- UK seeks access to EU health cooperation in light of coronavirus - The Guardian - May 2nd, 2020 [May 2nd, 2020]
- UK will need to extend Brexit transition, Merkel ally warns Britain - The Guardian - May 2nd, 2020 [May 2nd, 2020]
- Tory MP David Davis urges government capitalise on coronavirus outbreak to seal a Brexit deal | Latest Brexit news and top stories - The New European - May 2nd, 2020 [May 2nd, 2020]
- Brexit trade deal WILL be struck this year say UK negotiators - but only after EU tantrum - Express - May 2nd, 2020 [May 2nd, 2020]
- British lawyer sues EU over her removal from its court due to Brexit - The Guardian - May 2nd, 2020 [May 2nd, 2020]
- Coronavirus: We are all paying the price for the Tory government's preoccupation with Brexit | Latest Brexit news and top stories - The New European - May 2nd, 2020 [May 2nd, 2020]
- Row over EU office in Belfast threatens to derail Brexit talks - The Guardian - May 2nd, 2020 [May 2nd, 2020]
- WATCH: Gina Miller meets online troll who sent hateful, racist and threatening messages over Brexit - The New European - May 15th, 2020 [May 15th, 2020]
- It's 10 years since the Lib Dem-Tory austerity coalition birthed Brexit and our brutal tribalism - Nation.Cymru - May 15th, 2020 [May 15th, 2020]
- It's crazy for UK to go ahead with Brexit given pandemic crisis - Yorkshire Post - May 15th, 2020 [May 15th, 2020]
- Paul Routledge: Tories want us to forget Brexit and crash out - Mirror Online - May 15th, 2020 [May 15th, 2020]
- Theresa May humiliation: Ex-PM's grovelling plea to union bosses amid Brexit vote exposed - Express - May 15th, 2020 [May 15th, 2020]
- Brexit: don't extend the transition period - TheArticle - May 15th, 2020 [May 15th, 2020]
- Brexit Blog: Crucial Times Ahead - Will the Gap Narrow Between the Sides as Negotiations Continue - Government, Public Sector - Ireland - Mondaq News... - May 15th, 2020 [May 15th, 2020]
- Northern Ireland facing 'challenge of a generation' as it confronts Brexit and Covid-19, says accountants society's new boss - Belfast Telegraph - June 9th, 2020 [June 9th, 2020]
- Nissan chief says firm is monitoring Brexit negotiations and warns on tariffs - Chronicle Live - June 9th, 2020 [June 9th, 2020]
- Ireland as a seat for International Arbitration Bost-Brexit - Lexology - June 9th, 2020 [June 9th, 2020]
- Boris Johnson told to 'stop playing political games' with millions of citizens - The Parliament Magazine - June 9th, 2020 [June 9th, 2020]
- Brexit Party took almost 2 million in donations in first quarter of 2020 - The New European - June 9th, 2020 [June 9th, 2020]
- The Brexit Crisis Led to Totally Incompetent Leadership at a Time of Unprecedented Calamity. Now We are Paying for It - CounterPunch - June 9th, 2020 [June 9th, 2020]
- North-east skipper Jimmy Buchan warns no-deal Brexit 'will hurt' Scottish fishing industry - Press and Journal - June 9th, 2020 [June 9th, 2020]
- Boris Johnson wants to 'fix' Brexit deal he once claimed was 'oven-ready' - The New European - June 9th, 2020 [June 9th, 2020]
- Claim that extending the Brexit transition period could cost 380 billion is not credible - Full Fact - June 9th, 2020 [June 9th, 2020]
- Brexit: NI Assembly votes to extend transition period - BBC News - June 9th, 2020 [June 9th, 2020]
- Brexit shock: How tensions between USA and China may affect UK's trade options - Express - June 9th, 2020 [June 9th, 2020]
- The car industry now: will Brexit's impact now be even greater? - Autocar - June 9th, 2020 [June 9th, 2020]
- EU crisis: Brexit risks bloc's 'economic threat' crumbling - 'We should leave too!' - Express.co.uk - June 9th, 2020 [June 9th, 2020]
- Brexiteer called out for claiming Brexit Party was 'most diverse' in European Parliament - The New European - June 9th, 2020 [June 9th, 2020]
- Nissan comes out of lockdown and braces for Brexit - The Guardian - June 9th, 2020 [June 9th, 2020]
- The pandemic is being used as cover for a no-deal Brexit - The Guardian - June 9th, 2020 [June 9th, 2020]
- Brexit Britain has a much better alternative than the EU: Canzuk - Telegraph.co.uk - June 9th, 2020 [June 9th, 2020]
- Brexit deal now unlikely without extension, and time is running out - Verdict - June 9th, 2020 [June 9th, 2020]
- Britain wants to reinvent UK-China relations in the Brexit age - Quartz - June 9th, 2020 [June 9th, 2020]
- Brexit has reopened a divide within the Tories that cannot be bridged - Telegraph.co.uk - June 9th, 2020 [June 9th, 2020]
- TCW's Brexit Watch: Will Johnson cave in a second time? - The Conservative Woman - June 21st, 2020 [June 21st, 2020]
- Britain, EU need Brexit agreement in the autumn - Merkel - Reuters UK - June 21st, 2020 [June 21st, 2020]
- Westminster's actions mean devolved governments have had 'no meaningful input' in Brexit trade talks - Press and Journal - June 21st, 2020 [June 21st, 2020]
- Brexit Britain is forced to confront its inglorious past - The Star Online - June 21st, 2020 [June 21st, 2020]
- EU 'terrified' of successful UK 'on its doorstep' says Widdecombe in brutal Brexit warning - Express.co.uk - June 21st, 2020 [June 21st, 2020]
- Letter: Brexit extension would be a leap in the dark - East London and West Essex Guardian Series - June 21st, 2020 [June 21st, 2020]
- Macron to discuss Brexit with Johnson on London visit - RTE.ie - June 21st, 2020 [June 21st, 2020]
- EU FURY: Macron unleashes new Brexit threat in bid to force through 750billion bailout - Express.co.uk - June 21st, 2020 [June 21st, 2020]
- Brexit news: What would ending the transition period with no deal really mean? - Express.co.uk - June 21st, 2020 [June 21st, 2020]
- Covid-19 and Brexit: Contrasting sectoral impacts on the UK | VOX, CEPR Policy Portal - voxeu.org - June 21st, 2020 [June 21st, 2020]
- Brexit and coronavirus are stoking the fires of Welsh nationalism - The New European - June 21st, 2020 [June 21st, 2020]
- After Brexit: Will the U.S.-UK Deal Get Tariffs Down to Zero? - Yahoo News - June 21st, 2020 [June 21st, 2020]
- Brexit victory: Macron WILL cave to UK fishing stance by autumn - but there is a catch - Express - June 21st, 2020 [June 21st, 2020]
- Its official: U.K. wont require an extension of Brexit talks, even as negotiations with EU hit gridlock - MarketWatch - June 21st, 2020 [June 21st, 2020]
- With Brexit Trade Talks at an Impasse, Boris Johnson Finally Engages - The New York Times - June 21st, 2020 [June 21st, 2020]
- Johnson & Brexit Patronising Etonian Alienates the World Byline Times - Byline Times - June 22nd, 2020 [June 22nd, 2020]
- Unions Warn Trump and Brexit May Smash the Scottish Whisky Industry - Gizmodo UK - June 22nd, 2020 [June 22nd, 2020]
- Brexit risk to waste and resources increasing, says Greener UK - Resource Magazine - June 22nd, 2020 [June 22nd, 2020]
- Covid and Brexit the challenges that face new FCA boss Nikhil Rathi - Belfast Telegraph - June 22nd, 2020 [June 22nd, 2020]
- Northern Irish firms to be reimbursed for tariffs if Brexit talks fail - Tina Massey - June 22nd, 2020 [June 22nd, 2020]
- Unpopular fund sector trumps UK funds four years on from Brexit vote - Money Observer - June 22nd, 2020 [June 22nd, 2020]
- Post-Brexit and what it means for your intellectual property rights - Intellectual Property - UK - Mondaq News Alerts - June 22nd, 2020 [June 22nd, 2020]
- Brexit revives unionist and nationalist divide in Northern Ireland - The Guardian - June 22nd, 2020 [June 22nd, 2020]
- Boris to take on EU's Galileo with BETTER system US could join 'we have an opportunity' - Express - June 22nd, 2020 [June 22nd, 2020]
- France does not rule out a post Brexit no deal with UK, but those who need it most are the British - MercoPress - June 22nd, 2020 [June 22nd, 2020]
- Boris Johnson news live: PM given fresh no-deal Brexit warnings, as No 10 puts full confidence in under-pressure minister - The Independent - June 22nd, 2020 [June 22nd, 2020]
- Brexit victory: Richard Tice reveals the 'huge opportunity' ahead for fishing and farming - Express - June 22nd, 2020 [June 22nd, 2020]
- Brexit: Why hopes are rising that EU and UK could find compromise - Financial Times - June 22nd, 2020 [June 22nd, 2020]
- A new CEO, Brexit and supply-side exposure may leave Wipros Q1 earnings more dented than others - Business Insider India - July 13th, 2020 [July 13th, 2020]
- UK Government 'planning to withhold power from Scotland after Brexit transition' - HeraldScotland - July 13th, 2020 [July 13th, 2020]