Published: 26/09/2023 By Neil GladwinDid you know Symonds & Sampson can help you secure flexible and highly competitive funding for a new enterprise or land purchase, or to re-structure existing business finance?
The winds of change for farming and the rural economy continue to gather pace, as the transition from the Basic Payment regime takes greater effect, and against the backdrop of increased volatility in commodity prices, inflated running costs and a ramping up of compliance requirements across all sectors associated with environmental and carbon reduction requirements.
Such generational change is inevitably causing farmers and rural business owners to review their business plans and to look at opportunities to introduce efficiencies and to develop new income streams to replace lost subsidy income or to offer greater stability by underpinning farm sales which are exposed to the vagaries of farm commodity markets.
Meanwhile, DEFRA continues to announce enhancements of the capital funding available from Countryside Stewardship and other schemes intended to encourage improved productivity and use of technology, and while the advantages of such funding can return long-term benefits, they generally require the commitment of up-front capital.
Accordingly, amongst other purposes, we have recently assisted with funding applications, for investments in new milking facilities including robotic milkers, improved farm waste storage, development of holiday lets, land purchases, conversion of buildings for commercial lets, new farmworkers accommodation, as well as re-structuring of existing loan commitments to support long-term cash flows.
If any of this sounds familiar, contact Neil Gladwin at our Tiverton Office on 01884 218911 for an informal discussion as to how we can help you - without initial cost or commitment,.
For details of the range of Rural Services we can offer, please click here.
Image - A dutch barn being converted to letting accommodation, a recent project where finance was arranged by Neil Gladwin