Local support:The Bank of Scotland's Andrew Sloan talks to Fish Farmer about building better ties with the aquaculture sector

摘要

The Bank of Scotland recently refinanced one of the big Scottish fish farmers...is this a sign of a growing relationship with the industry?Over the last two to three years we have taken time to develop our understanding of the sector, its key players and the many challenges, for example biological risks, that can lead to significant volatility in harvest volumes and profitability. Earlier this year we were presented with an opportunity to put this expertise into practice within the salmon farming sub-sector with a competitive refinance of the Scottish Salmon Company. Prior to working with the company, we engaged in considerable dialogue to build a strong relationship and uncovered an opportunity to use our Asset Based Lending capabilities. We believe that building long-term relationships with the sector is an essential step towards increasing our exposure to this growth industry.