HSBC commits £300m to support UK agriculture

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"The Agriculture Fund demonstrates our commitment to doing this, and we hope we will lend even more than £300m to help ambitious British agriculture and farming businesses achieve their goals”.

NFU Deputy President Minette Batters said: “Following Barclays announcement that they are doubling their UK Farming Fund to £200m, to have HSBC committed to a £300 million lending fund to support agricultural businesses in the UK is very welcome news.”

“Both announcements come at a time where despite the tentative signs of price recovery, the sector is still far from seeing levels which will sustain a long-term and profitable farming industry. “