A Wiltshire farmer is poised for further growth following a £1.2m investment deal
A Wiltshire farming business is poised for further growth following a Ā£1.2m investment deal overseen by Trethowans.
Solicitors from the law firmā€™s agricultural team acted on behalf of Clydesdale Bank to value the assets of Steve Benson Farming, which underpin the significant funding package.
Steve Benson Farming operates over 10,000 acres of land in Wiltshire and Oxfordshire and has a thriving grain storage facility at Wroughton, where its duo of 30,000 square feet grain stores has a capacity of 19,000 tonnes.
The investment from Clydesdale Bank includes a refinance of term debt funding used to purchase and fit out the grain stores, as well as asset finance, credit card and overdraft facilities.
Marcus Thorpe, partner and head of agriculture and rural property at Trethowans, said the deal heralds positive news for farmers in the post-Brexit climate.
He said: "There has been a great deal of uncertainty in recent months and it is encouraging for farmers to know that they are being supported by the banks.
"This is a great example of a lender having a good relationship with an agricultural business and supporting them with access to finance that will allow them to expand."