A record high in member share capital investment – exceeding £7m – has been achieved by the ANM Group, one of the largest producer-owned farming, food and finance businesses in Scotland.

In its recent annual report, the ANM Group which is now ranked in the top 25 of UK co-operatives, reported an increase in share capital during 2019 of £309,000, to a total of £6.85m at December 31.

Member investment has accelerated further into 2020, despite the challenges surrounding Covid-19.

The £7m milestone has been reached as the group widened its range of benefits available to deliver greater value for its members. Full entitlement to those benefits is available to anyone who invests a minimum of only £500, and recent months have seen a significant increase in membership.

All members benefit from competitive commission rates starting as low as 3% for all livestock sales at Thainstone and Caithness; attractive loan scheme rates and discounts at the group’s restaurants, including the Porterhouse Steakhouse.

Chief executive, Grant Rogerson, added: “The increase in shareholding illustrates the confidence our members have in us, and this, combined with the dedication and sheer hard work from teams across all our divisions puts us in a strong position to continue facing the challenges of the current climate head on.

“Our reduced commission rates for members has already saved them over £70,000 up until the end of May. That’s a meaningful immediate impact, a positive reward for them and their local communities, and a direct result of their loyalty to the business.

The group is set to announce further exclusive benefits for members over the coming months.