Written by Charlotte Cunningham
A new specialist agricultural bank is set to launch later this year, offering financial services specifically designed for British farmers and backed by key agri-business firms. Charlotte Cunningham reports. Established through the collaboration of experienced bankers, farmers, and technology experts, Oxbury – based in Chester – will provide farmers and growers with a bespoke range of competitive lending and savings products. These will help producers to manage their input costs and grow their businesses at a crucial time for UK agriculture. Critically, services will be offered through the bank’s founding distributor partners: Hutchinsons, Frontier Agriculture, Mole Valley Farmers and KW, part of AB Agri. “There’s no other UK-based bank focussing its thinking, expertise and empathy solely on the agricultural market and the needs of British farmers,” explains managing director and co-founder, Nick Evans. “Oxbury’s founding team and investors are farmers and market leading agri-business companies that know the importance of farmers to the UK economy and rural communities. It’s founded by the industry for the industry and is designed to work in partnership with long-established agri-businesses that farmers know and trust.” Flexible and convenient The bank’s core product is Oxbury Farm Credit, which will provide a flexible, convenient and financially competitive…
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