Bank of Ireland has launched a partnership with Tralee-headquartered Lee Strand Co-op to offer the Enviroflex loan package to its members.
Farmers have applied for over €30 million of Enviroflex loans since it first launched, with the sustainability linked loans now available to Lee Strand Co-op milk suppliers who’re engaged in implementing a range of sustainable initiatives to reduce their farms' environmental footprint.
Over 16,000 dairy farmers now have access to the product via 12 dairy co-op partnerships.
Eligible milk suppliers must be participants in the Lee Strand Co-op Sustainability Programme.
Bank of Ireland has also announced an expanded partnership with Irish Distillers to offer the Enviroflex product to tillage farmers for the first time.
CEO of Lee Strand Co-operative Creamery Gearóid Linnane said the partnership with Bank of Ireland supports the co-op's suppliers to implement long-term measures to improve their farms' sustainability.
Chairman of Lee Strand Kieran Savage said access to Enviroflex funding helps support the co-op's initiative to make suppliers more sustainable and profitable.
