Thursday, July 2, 2020

Lincolnshire farm cracks egg production market with HSBC UK funding

A Lincolnshire family farming business is diversifying by tapping into a completely new revenue stream, after using HSBC UK funding to invest in a 32,000-bird unit for the production of free-range eggs.

Run by husband and wife team Simon and Victoria Elwess, Manor Farm, based near Lincoln, has primarily been a cattle farm specialising in breeding pedigree Hereford cows since 2009. After looking for opportunities to diversify the farming business, Simon and Victoria have used the funding to invest in the new bird unit and a multi-tier laying system, creating eight new full and part time job roles and an average daily production of 30,000 eggs.

The overall cost of the project was £1.1million, with HSBC UK providing the majority of the funding. Following a successful application by the couple, the project was also supported by the European Agricultural Fund for Rural Development, the Lindsey Action Zone Local Action Group (LAG) and the Rural Development Programme for England LEADER funding programme.

Victoria Elwess, joint owner at Manor Farm, said: “Demand for free-range eggs has grown steadily in recent years, so we’re confident that the investment will provide a long-term, sustainable revenue stream for the business. Lindsay Rubie, our Agriculture Manager at HSBC UK, has been great and has really understood the challenges and opportunities faced by agricultural businesses, which has been very helpful.”

Andy Hipwell, Midlands Regional Agricultural Director at HSBC UK, said: “British farming is vital to rural communities and the food production industry. However, pressure on farmers and a volatile marketplace means many farms are having to diversify. By investing in free-range egg-production, Simon and Victoria and tapping into a growing market which will provide a more stable source of income for their wider farming business. We wish them the best of luck for their new venture.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 lockdown having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £33.60 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.






Latest news

CBILS loan helps Leicestershire logistics firm pay suppliers

Leicestershire headquartered logistics firm, Armstrong Logistics, has secured a six-figure finance package from HSBC UK through the Coronavirus Business Interruption Loan Scheme (CBILS). The funding...

CMA launches merger inquiry over Breedon’s CEMEX acquisition

The Competition and Markets Authority (CMA) has launched a merger inquiry into the anticipated acquisition by Breedon Group plc of certain assets of CEMEX. The...

Nottingham manufacturer wins major contract with Meggitt

Nottingham based Filtertechnik Ltd, a manufacturer and supplier of filtration solutions for oils and process fluids, has secured a major contract with Meggitt PLC,...

Derby firm offers support to Rolls-Royce workers with complimentary financial advice

Derby-based Glenrose Financial Planners has offered to support Rolls-Royce workers potentially affected by redundancy by providing complimentary one-to-one consultations to help them plan their...

Bulk materials testing resumes at the Wolfson Centre

If you have been experiencing bulk materials handling problems with your powders and/or bulk solids, you will be pleased to hear that the Wolfson...

Related news

Derby Redundancy Working Group appeals to firms recruiting engineering and manufacturing workers

A team launched to assist workers made redundant during the Coronavirus crisis is appealing for firms who are recruiting engineering and manufacturing skills into...

CBILS loan helps Leicestershire logistics firm pay suppliers

Leicestershire headquartered logistics firm, Armstrong Logistics, has secured a six-figure finance package from HSBC UK through the Coronavirus Business Interruption Loan Scheme (CBILS). The funding...

CMA launches merger inquiry over Breedon’s CEMEX acquisition

The Competition and Markets Authority (CMA) has launched a merger inquiry into the anticipated acquisition by Breedon Group plc of certain assets of CEMEX. The...

Nottingham manufacturer wins major contract with Meggitt

Nottingham based Filtertechnik Ltd, a manufacturer and supplier of filtration solutions for oils and process fluids, has secured a major contract with Meggitt PLC,...

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close