UK Agricultural Finance receives more funding
Specialist lender UK Agricultural Finance has secured funding from an institutional investor to provide capital to expand its loan book by up to £150m.
UKAF is now providing capital from three months to seven years, secured against agricultural land and property to help farmers diversify, acquire more land and build renewable energy projects.
IT will also enable farmers to restructure, buy more livestock, help families with generational transfer and provide tenant farmers capital to purchase their farm.
Robert Suss, co-founder of the business, said: “This additional capital enables us to provide loans up to seven years to help farmers diversify, sustain, grow and improve their businesses. Securing this funding is a testament to the strength of our team, risk management and business model.
“We are thrilled that this funding enables us to continue grow our activities with the UK farming sector making a difference by giving more customers the access to finance they need.”