Aldermore today announces its new agriculture finance division aimed at helping the farming industry to get the assets they need to grow and diversify. The proposition will be backed by a dedicated team that bring a wealth of experience in the sector and will leverage our existing expertise whilst offering a refreshed customer experience.
Aldermore will fund a wide range of assets via a range of solutions. The aim is to give businesses, whether owner occupied, tenanted or mixed farms, more flexibility with their funding solutions. Clients will also benefit from direct access to a dedicated point-of-contact within Aldermore’s sales team as well as an experienced in-house support team to ensure a simple and rapid route to funding.
Aldermore has a dedicated team with specialist knowledge of the agriculture sector. The team is comprised of:
Lee Rhodes, commercial director of asset finance at Aldermore said: “I am thrilled to have Chris, Jon, Paul and the rest of the team heading up our new agriculture finance offering.
“The agriculture sector contributed over £13.9bn to the UK economy in 2022, providing half the food we eat and employing almost half a million people1. The sector is fundamental to our economy and will continue to be in the future, yet we know accessing and maintaining the right machinery and vehicles is costly and can eat into capital that may need to be spent on livestock, feed and other expenditure.
“Many of these businesses may be looking to invest in and grow in the year ahead and access to finance should not be a barrier. We’re delighted to be expanding in this space, which is a fundamental part of the UK economy and we are excited to be supporting businesses with their growth ambitions.”
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Notes to editors
1Department for Environment Food & Rural Affairs, Agriculture in the United Kingdom 2022
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