Enviroflex sustainability-linked loans for beef farmers have been announced in a partnership between Bank of Ireland and Certified Irish Angus Producer Group.
Offering reduced interest rates to support investment in sustainable practices, the loans are designed to incentivise farmers to continue implementing sustainability-focused improvements on their farms.
Enviroflex loans are already available to all dairy farms through 16 established co-op partnerships and to tillage farmers who are members of Irish Distillers’ grain sustainability programme.
Certified Irish Angus is the first to partner with Bank of Ireland to support the roll-out of Enviroflex loans to the beef sector, with sustainability-linked financing now available to members of the Certified Irish Angus Elevate Bonus scheme.
Additional value
Speaking about the initiative, Charles Smith, general manager, Certified Irish Angus said: “We aim to encourage best practice at every stage of production to deliver additional value throughout the supply chain from conception to consumer.
“We are confident that Bank of Ireland’s Enviroflex offering will provide targeted support to our members so that they can continue to implement and enhance environmental measures on-farm along with enjoying the genetic improvements of the Angus breed for years to come.”
Mark Glennon, Bank of Ireland agri development manager, added: "Since first launching the product, we have seen significant demand from farmers looking to enhance their farms’ sustainability, and we are delighted that we are now able to expand this product to the beef sector.
“Our aim in developing Enviroflex has always been to make it available to as many farmers as possible across the Irish agriculture industry and to reward farmers for their sustainability actions. We understand that a more sustainable farm is a more efficient and profitable one in the long term.”
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