NFU Scotland launches new financial business

Agricultural organisation NFU Scotland has announced a new partnership with County Durham-based business finance broker Anglo Scottish Asset Finance to create NFU Scotland Finance.

NFU Scotland Finance will be “a dedicated division of Anglo Scottish with the purpose of offering bespoke business finance solutions to NFU Scotland’s 9,000 members,” said the organization.

It said NFU Scotland Finance “will offer tailored loans, commercial mortgages, asset finance, business credit cards, and refinancing opportunities to NFU Scotland members.”

NFU Scotland said: “Anglo Scottish Asset Finance has been supporting businesses with business finance solutions for almost two decades and 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.”

NFU Scotland CEO 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 will be led by Andrew Laird, Head of Agriculture & Food Finance at Anglo Scottish, and supported by a team of farming finance specialists.

NFU Scotland Finance plans to contact members directly, as well as attend NFU Scotland events.

Laird said: “We are thrilled to announce our partnership with NFU Scotland to establish NFU Scotland Finance.

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

“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.”