Diversification & Environmental
The Changing Farming Environment
With the introduction of the Single Farm Payment, it is now more important than ever before for farmers and landowners to maximise their businesses profits without relying on subsidies.
Many farmers and landowners are finding that changing their enterprises to incorporate new businesses can be a way to increase returns without damaging the core farming activities. Diversification activities can include anything from the more traditional farm shop or building conversion to holiday lets or light industrial units; to the more unusual water bottling plants and tourist attractions such as hobby farms or paint-balling.
Cooper & Tanner are increasingly involved in a variety of diversification projects. Assistance can be given on all aspects of a diversification scheme from initial advice on what type of scheme would be most suitable, to preparing business proposals, agricultural appraisals and planning applications.
Grant Aid Schemes
We can also advise on the different types of grants and aid available to those farmers and landowners wishing to diversify. We are also well placed to deal with applications for Entry, Organic Entry and Higher-Level Environmental Stewardship Schemes.
Rural Enterprise Scheme Grant Secured by Cooper & Tanner allows industrial units to be developed.
Planning consent had been granted for the conversion of a redundant pig building at Bruton into five industrial units but, four years later, it’s owners still lacked funds to undertake the development which would provide them with a valuable income stream to compliment their farming business.
Cooper & Tanner were successful in securing a Rural Enterprise Scheme Grant in the sum of £85,000 which amounted to 50% of the total project costs. Had our client been forced to borrow an additional £85,000 money, the development would have been unviable. The project is now nearing completion and three of the units have been pre-let by our commercial department.