Published: 22/10/2024 By Jack Curnick-James
For many rural businesses, current interest rates on borrowing and the potential changes to capital gains or inheritance tax in the upcoming budget are at the forefront of their minds. Combined with increasingly volatile global commodity markets, these uncertainties make expert advice more crucial than ever. Borrowing through the Agricultural Mortgage Corporation (AMC) offers an agent-led process where you can benefit from the experience of a surveyor. Plus, with AMC’s long-term loans, up to 30 years, you gain peace of mind knowing that the loan won’t need to be revisited once secured.The AMC specialises in supporting rural businesses across the country, offering loans for a wide range of business purposes, including purchasing land, constructing new buildings, restructuring finances, buying machinery, and funding diversification projects.
Nearly 70% of farms now engage in some form of diversification to generate new forms of income in the face of uncertainty. If you're considering starting a new enterprise or expanding an existing one, now is an excellent time to assess your financial needs. Planning for diversification allows your business to explore various financing options, such as interest-only or repayment loans, and the ability to draw down funds in tranches during the build-out phase of a development project.
Symonds & Sampson's Rural Finance experts will guide you through every stage of your project. Our in-house Planning, Building Survey & Design, and Valuation teams can help you obtain planning permission, budget and design new buildings, and secure finance for the project.
For further information, please do get in touch with Jack Curnick-James at our Devizes office on 01380 710535 or one of our Farm and Rural Finance experts (below) in your nearest office.
Image - Labrador Lodge; A farm diversification project in Wiltshire, successfully overseen by Jack Curnick-James
