A trust fund for young entrepreneurs in the Borders and north Northumberland will open early in 2014 after raising more than £160,000.
The fund, launched to mark the 200th anniversary of the Border Union Agricultural Society (BUAS) will enable bursaries to be granted to young people to help them develop skills that will benefit the area.
The first award was announced at the Border Union Show in July, to the top student from the Borders College chef school, Paulo Neves from Melrose.
Lord Joicey, vice-president of BUAS, said: “Support will be given to young people who are motivated to look into the wider world to develop skills that will allow them to seize opportunities presented by the rural economy of the Borders and north Northumberland.
“These young people will be able to enhance either their vocational skills or their wider management capacity and demonstrate real entrepreneurship to the benefit of this area.
“The wide spectrum of activity within our rural economy means that the list of possible avenues is endless.”
Lord Joicey added: “The society strongly believes that this is a scheme – modest in terms of 200 years – which everyone connected with farming and the rural economy of the area will support to the fullest extent.”
Details of the application process will be released in the new year, and donations to the fund are always welcome.