Agriculture Funding: What’s Out There?

Agriculture Funding: What’s Out There?

£££’s available for businesses within the industry, but what for and how can you access it?

Introduction

Agriculture is one of the leading industries in the UK which means there is a lot of funding available to different businesses within the sector, particularly to those who are based in rural locations. The main focus seems to be on improving rural communities, helping rural agriculture-related businesses to grow but also the development of new technology to help enhance and improve farming productivity.

At present, agriculture is one of the least digitised industries, barriers such as the lack of broadband and 4G coverage in rural areas could impede a business’s growth. It could also mean that people are not able to gain access to important tools and services that could be of great use to them in the general improvement of their business.

Most farmers are over the age of 45, and issues of succession are making it harder for the younger generation to take over as well as the lack of infrastructure is holding back the UK’s farming communities.

The Big Talking Point

At the moment, a big talking point is what Brexit might do for the agriculture industry in the UK; it could either make it or break it. As we currently only produce just over half of what we eat, we depend on European imports for a quarter of what we consume. This could be a great thing as it may provide the UK with the opportunity to produce more goods rather than importing it from abroad. The decision to leave the EU will mean that the UK for the first time in forty years will have the chance to form the future of farming and agriculture in the UK. This could lead to job creation, business opportunities and more money to pump into the economy. However, as the industry relies mainly on employing seasonal migrant workers who farmers, food processors and food manufacturers say they must have to keep in business, Brexit will undoubtedly lead to a lot of difficulties within the industry.

According to a recent Natwest report (Harvesting the Future for Young Farmers, February 2017) banks remain the main source of funding with 76% of young farmers relying on bank loans and 70% on overdraft facilities. The report also highlighted a need for additional support, with almost a fifth of young farmers acknowledging that their business skills, such as drafting business plans or writing potential funding bids are an issue. There is evidently a need for support and guidance when it comes to funding, whether that be through identifying potential grants or by offering bid writing services and business support.

About half of all UK farms use some form of diversified activity in their farming business and these bring an average of £10,400 extra revenue per farm. Sadly grants and funding are often overlooked.

How We Can Help

The funding arena can be daunting, especially if you don’t know where or how to begin the process of locating suitable schemes. T4C are here to help. We are able to not only seek out different funding options for you but also guide you through the process of becoming fund ready, understanding what you’ll need in order to make an application and writing the final bid.

Below are a few examples of the kind of grant funding programmes that are available.

LEADER

The LEADER programme operates in a number of different areas throughout the UK. It has several objectives which include support for increasing farm productivity, support for micro and small enterprises and farm diversification and support for increasing forestry productivity. These grants can vary in value but can be increased depending on the circumstance. Usually, the maximum value is £100,000.

Agri-Tech Growth Fund

This fund aims to support product development and improve agricultural productivity. The programme provides grants from £10,000-£150,000.

RDPE

This programme aims to fund projects which create jobs and the rural economy, it funds food & drink processors, agriculture-related businesses and companies who help to attract tourism to rural locations throughout England. Usually, their grants are between £35,000-£170,000.

The Princes Countryside Fund

This fund aims to improve the prospects of viability for family farming businesses. To sustain rural communities and drive economic vibrancy. They award grants up to £50,000.

+ LEADER

LEADER

The LEADER programme operates in a number of different areas throughout the UK. It has several objectives which include support for increasing farm productivity, support for micro and small enterprises and farm diversification and support for increasing forestry productivity. These grants can vary in value but can be increased depending on the circumstance. Usually, the maximum value is £100,000.

+ Agri-Tech Growth Fund

Agri-Tech Growth Fund

This fund aims to support product development and improve agricultural productivity. The programme provides grants from £10,000-£150,000.

+ RDPE

RDPE

This programme aims to fund projects which create jobs and the rural economy, it funds food & drink processors, agriculture-related businesses and companies who help to attract tourism to rural locations throughout England. Usually, their grants are between £35,000-£170,000.

+ The Princes Countryside Fund

The Princes Countryside Fund

This fund aims to improve the prospects of viability for family farming businesses. To sustain rural communities and drive economic vibrancy. They award grants up to £50,000.

Contact Us

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T4C are business growth specialists with a focus on working with companies to access the funding arena with an aim to aid their growth aspirations. We undertake detailed analyses of each business we work with and have a range of in-house experts who can develop further growth opportunities across a variety of areas such as funding, access to finance, tax relief, training, and marketing.

Any organisations who think they may be eligible for funding or have an interest in learning more about the services we offer can contact us by:

0333 990 0125

 

contact@t4cuk.com

 

Commerce House, Commerce Park, Wirral, Merseyside, CH41 9HP

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