lAst year, British Wool introduced a new entrants’ scheme designed to support producers who have recently entered the industry.
the scheme will once again be available for the 2019 season which sees eligible producers receive 100 per cent of their clip value as an upfront payment for their first two years, along with a priority wool intake and grading service through British Wool’s nationwide depot network.
Producers then transition on to the standard payment scheme over the next three years by way of adjusted balancing payments so that, over the life of the five year scheme, new entrants receive the same cash as they would have done had they been on the standard payment scheme throughout that period.
Gareth Jones, Producer Marketing Manager, British Wool said: “investing in the future of the industry is an essential part of our strategy, and we want to play a key role in encouraging young farmers into the industry.
“Any start up business requires support to be successful, so increased up-front payments during the first two years will help ease the pressure on cash flow.”
in order to be eligible for the scheme a producer must not have previously been registered with British Wool and have kept sheep for fewer than five years.
Full details of the scheme and an application form is available from www.britishwool.org.uk