Over the last couple of weeks, the Gloucester office has had a further two Countryside Productivity grant approvals. Grant awarded for Crisp Processing plant – £252,000. Grant awarded for on farm container storage – £79,000.
We have worked hard with a potato crisp manufacturer and have been involved with a plan to install a brand-new processing plant that would increase production capacity by over 300%. The total project was for over £632,000 and therefore the grant was instrumental in enabling the bank match fund the cost. This level of grant has enabled new radically evolving markets to be entered such as vegetable crisps using locally sourced produce and biodegradable packaging. This will lead to the business employing a further 8 skilled members of staff to operate the facility and provide a boost to the local economy.
An arable farming client who has a successful business park came to us with a plan to dramatically increase and modernize their storage facility on farm. We then carried out market research and planned the facility to meet the needs of the locality. We applied for grant funding to enable the business to more than double available storage and make security and access improvements into the site. The storage facility is key fob entered and therefore does not require too much time on a day to day to manage and fully secure. As the Basic Farm Payment is being phased out and arable farming at great risk with the loss of BPS, creating or expanding a diversified income stream has reduced the business risk. It will generate a positive cashflow, putting the business in a strong position to adapt to the market opportunities that will arise in the next few years as farming goes through a transition.
If you would like to discuss how to make best use of your farm assets or advice on grants that will be coming in the near future, please contact Harry at email@example.com or your local FCG Office.