Minister Michael Creed announces €150m Brexit agri-loan scheme

Brexit-hit farmers and food producers will be able to access a financial lifeline under plans for a €150m emergency fund to be announced by Agriculture Minister Michael Creed today.

The special low-cost loan scheme will allow food producers to potentially borrow up to €150,000 over six years.

It comes after a recent Bord Bia report found €590m was wiped off the cost of Irish food and drink exports to Britain last year with the fall in the value of sterling after the Brexit vote.