The National Farmers’ Union of Scotland (NFU Scotland) has launched a dedicated finance service for its members.

The union and Anglo Scottish Asset Finance have collaborated to create ‘NFU Scotland Finance’ – a division of Anglo Scottish with the purpose of offering business finance solutions to farmers.

The service will offer tailored loans, commercial mortgages, asset finances, business credit cards and refinancing opportunities to NFU Scotland members.

NFU Scotland chief executive, John Davidson, said: “This partnership is built on a shared philosophy to help NFU Scotland’s members to achieve sustainable and profitable businesses.

“We’ve seen how impactful and innovative our members can be when they are supported by reliable financial services, and we expect many of them will use this opportunity to grow their businesses, and thus create a stable future for Scottish agriculture.”

NFU Scotland Finance

The newly-formed service will be led by head of agriculture and food finance at Anglo Scottish, Andrew Laird, who will be supported by a team of farming finance specialists.

The team plan to contact members directly, as well as attend NFU Scotland events to discuss new projects and commercial opportunities.

“As an organisation, NFU Scotland is dedicated to representing and advancing the interests of farmers and crofters in Scotland,” Laird said.

“By joining forces to become NFU Scotland Finance, we are committed to providing NFU Scotland members with tailored commercial finance and asset finance solutions to help them achieve their growth and diversification objectives.”

Anglo Scottish Asset Finance has been supporting businesses with business finance solutions for almost two decades.

NFU Scotland said it has extensive experience funding many types of agricultural machinery and vehicles, as well as diversification and green energy projects to help agricultural businesses achieve their growth and sustainability goals.