A scheme designed to boost the UK’s agriculture sector through a dedicated loan fund to secure the future of the industry, improve efficiency and create additional revenue streams to limit effects of market volatility.
The programme has a total of £100 million available.
Loans will have fixed fees starting at 0.6% for a loan term of 0-5 years, 0.75% for loans that are 6-10 years and rising to 0.90% for loan terms of 11-15 years.
Barclays is launching a fund designed to boost the UK’s agriculture sector. The bank is launching the dedicated loan fund to secure the future of the industry, improve efficiency and create additional revenue streams to limit effects of market volatility.
Barclays supports over 20,000 UK farmers and, with a team of over 120 Agriculture Managers across the UK, has one of the biggest Agriculture banking team’s in the UK making it Britain’s leading agricultural bank.
The fund is in addition to the ongoing support that Barclays offers to the sector.
Although there are no specific exclusions cited within the programme guidelines, those wishing to apply are advised to liaise with the funding provider in the first instance to discuss eligibility.
Farmers across the UK may apply.
Match funding is not a stipulated requirement of this programme.
The fund will be available for farmers looking to modernise their infrastructure, helping to streamline their farming processes and increase efficiency.
The fund will also assist farmers looking to reduce their farm’s exposure to market volatility by providing funds to invest in viable diversification projects, either within agriculture or from non-agriculture sources.