Barclays’ response to the new Northern Ireland Agri-Food Loan Scheme
Barclays, chair of the lenders’ working group for the new Agri-Food Loan Scheme, responds to the announcement by Northern Ireland’s Finance Minister Simon Hamilton and Enterprise Minister Arlene Foster.
The new Agri-Food Loan Scheme, which opens for business in November, will be delivered jointly with a number of Northern Ireland’s banks. It will help local food producers, who form part of an integrated supply chain, to access the finance they would need to invest in the farm buildings necessary to increase supply of the primary produce for processing.
Welcoming the initiative Adrian Doran, Barclays Head of Corporate Banking in Northern Ireland, and Chair of the working group of banks facilitating the Agri-Food Loan Scheme, said:
“Barclays was asked to chair the working group of banks tasked with responding to the Ministers and ultimately delivering the Agri-Food Loan Scheme. This is an important initiative, which is designed to boost lending to Northern Ireland’s increasingly important Agri-Food sector. Barclays is one of the largest banks in the UK agricultural sector, and has over 300 years of experience of lending to the sector, the success of which is founded on offering farmers flexible financial solutions. We are keen to play our part and help stimulate lending to this important sector in Northern Ireland.”
Barclays is a major global financial services provider engaged in personal banking, credit cards, corporate and investment banking and wealth and investment management with an extensive international presence in Europe, the Americas, Africa and Asia. Barclays’ purpose is to help people achieve their ambitions – in the right way.
With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs approximately 140,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.
For further information about Barclays, please visit our website www.barclays.com.
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