Monday, 31 March 2014

Agri-food loan scheme opens

A new loan scheme tailored specifically to the agri-food sector has made its first call for applications to Northern Ireland's poultry producers.

The programme was developed by the department of enterprise, trade and investment and a number of banks in response to the difficulties faced by the agri-food industry in Northern Ireland.  Arlene Foster, minister for enterprise, trade and investment, said: "The first phase of the 'Agri-Food Loan Scheme' is open for business and applications are now coming through for approval. We have worked hard to create a 'one stop shop' for producers and I commend the participating banks for their commitment in delivering the scheme, and in helping producers to access finance."

Brian Gillan, head of business banking at First Trust Bank, added: "Being the first bank to sanction funds through the fund highlights our appetite to lend to this sector. The Agri-food loan scheme gives the finance needed for producers to invest in their poultry operations."

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