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Digital Subscriptions > The Oban Times & Lochaber Times > 22nd September 2016 > Loan scheme could inject £300m into rural economy

Loan scheme could inject £300m into rural economy

A NEW loan scheme aims to provide certainty for farmers and crofters over the coming winter and seeks to inject up to £300 million into the rural economy, safeguarding jobs and local agricultural businesses.

Farmers and crofters will be able to apply for a loan of 80 per cent of their CAP basic payment and greening 2016 entitlement, up to a maximum of 150,000 euros and receive their loan payments in November.

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