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Barclays has introduced a pioneering lending option aimed at assisting UK farmers who are embracing regenerative and sustainable farming techniques.
The Farm Transition Finance (FTF) initiative provides qualifying farmers with a 0.3 percent decrease on conventional term loans, accompanied by adaptable repayment plans tailored to accommodate the specific requirements of each enterprise. The scheme seeks to facilitate investment in eco-friendly modifications by allowing farmers to utilize current farm certifications, supply chain programs, and governmental grants as proof of their transition plans.
Qualification is not restricted to a solitary program. Farmers engaged in recognized initiatives like DEFRA’s Sustainable Farming Incentive (SFI), the LEAF Marque Standard, Soil Association organic accreditation, and Regenified’s 6-3-4 Verification Standard are all eligible, along with other supply chain programs showcasing a dedication to regenerative practices.
Wayne Astridge, Head of Agriculture at Barclays Business Banking, stated: “Barclays has a longstanding tradition of aiding UK agriculture and currently collaborates with over 30,000 farmers. Farm Transition Finance embodies our enduring dedication to the industry and is a clear demonstration of how we’re partnering with farmers as they navigate the changes and explore avenues to continuously enhance their sustainable farming methods.”
The facility is intended to foster advancements in soil vitality, biodiversity, water efficiency, and emission reductions. By providing access to affordable financing, Barclays anticipates that the initiative will enhance the resilience of UK agricultural enterprises and assist them in staying competitive and future-ready in a transforming environment.
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