HSBC is committing a £300 million lending fund to support agricultural businesses in the UK. This latest initiative forms part of its fund to help SMEs across the UK grow and prosper, both at home and internationally.
Barclays Bank also confirmed earlier this year that it was doubling its farming fund to £200 million. Loan periods are between 1 – 24 months. Their Rural Project Loan helps farmers with new income streams and repayments can be spread over 1 – 25 years.