FG BUY&SELL        FARMERS WEATHER       ARABLE FARMING        DAIRY FARMER      FARMERS GUARDIAN        AGRIMONEY        OUR EVENTS        MEMBERSHIP BENEFITS        BLOGS        MORE FROM US

You are viewing 1 of your 2 free articles

You’ll need to join us by becoming a member to gain more access.
Already a Member?

Login Join us now

How to find investment outside of the bank

News

With getting onto the agricultural ladder becoming more and more difficult, and many companies having lending requests turned down by a mainstream lender, how can you secure money to expand your business?

Twitter Facebook
Share This

Innovative ways to access funding #GetIn2Ag #Crowdfunding

Innovation in agriculture is the future of securing a business.

 

Phil Geraghty, co-founder of www.crowdfunder.co.uk, offered practical ideas on how farmers can access alternative funding for a new business idea through the means of crowdfunding.

1. Crowdfunder is an online investment platform based in Cornwall. It has raised more than £500,000 since its launch in 2010 to encourage new business ventures, some of which have been within food and farming.

2. Those with a business or project which requires funding can put their story up online and the general public can invest in it.

3. Projects which have already secured funding include a honey farm, a village bakery and a vegetable bag scheme to support a community farm.

4. The project owners offer rewards to the investors in return for their pledges, which can be as little as £1.

5. For example, investors who funded a village bakery were rewarded with a loaf of bread each day for a year.

6. Projects are conducted on an all or nothing basis, meaning owners must reach their funding targets to secure the money.

7. Crowdfunder allows the projects between 30 and 45 days to raise their financial target.

8. Anyone can add a project as long as it meets the company's guidelines.

Join the conversation

#GetJackFarming

#GetJackFarming

Getting Started spoke to Jack Stilwell - an innovative young farmer who used crowdfunding to get his foot on the ladder.

 

Read his story here!

Twitter Facebook
Rating (0 vote/s)
Post a Comment
To see comments and join in the conversation please log in.

More News

Arla’s Ash Amirahmadi elected as new Dairy Council chair

Senior vice president of sales at Arla UK, Ash Amirahmadi, has been elected chairman of The Dairy Council.

Scottish Government leaves farmers ‘angry and frustrated’ with latest payment fiasco

NFU Scotland’s director of policy Jonnie Hall has questioned whether support delivery systems in Holyrood will ‘ever be fit for purpose’ after the Scottish Government accidentally overpaid 166 farmers and crofters.

CropTec: Resilient rotations key to more consistent yields

Static or falling yields are a concern for many growers but steps can be taken to make rotations less risky and yields more consistent.

BPS 2016 payments roll in, but RPA ‘still stretched’

The Rural Payments Agency (RPA) has announced over 51,000 farmers in England received their 2016 BPS payment between December 1 and 2.

30 day restrictions in place to protect poultry from avian flu

Poultry farmers have been urged to keep their birds indoors to help protect them from a strain of avian flu which is circulating in mainland Europe.
FG Insight and FGInsight.com are trademarks of Briefing Media Ltd.
Farmers Guardian and FarmersGuardian.com are trademarks of Farmers Guardian Ltd, a subsidiary of Briefing Media Ltd.
All material published on FGInsight.com and FarmersGuardian.com is copyrighted © 2016 by Briefing Media Limited. All rights reserved.
RSS news feeds