Dairy farmers in England will have access to £10,000 grants to aid with the impact of coronavirus.
The funding comes after dairy farmers have seen a drop in demand after bars, cafes and restaurants were ordered to close during the lockdown.
The announcement is the newest action from the government, who have already agreed to relax UK business competition law to allow the dairy industry to work together temporarily.
With many dairy farmers holding excess milk and facing financial difficulty, those eligible will receive up to £10,000 each to cover approximately 70% of their lost income in April and May.
Dairy farmers who have lost more than 25% of their income over April and May due to coronavirus disruptions will be eligible to access this funding for those qualifying months, with no cap set on the number of farmers who can receive this support or on the total funding available.
The government has also announced a £1 million campaign aimed at boosting milk consumption and helping farmers use their surplus stock.
If you are in the farming industry and you are looking for finance, call us on 0115 958 6872, email email@example.com or fill an enquiry form here.