Supporting the UK agricultural industry

The UK Farming sector is an integral part of the UK economy as a whole with a total income of £3.7 billion and employing almost 500,000 people*.

At Close Brothers Business Finance we understand the challenges faced by the agricultural sector to drive forward successful and profitable farming businesses and we are committed to offering bespoke agricultural finance solutions to support the industries sustainability.

Whether a small dairy farmer or a large-scale agricultural contractor, we work in partnership with brokers to create a package that will help their customers invest in the assets needed.

Typical assets we finance include:

  • Tractors
  • Combine harvesters
  • Farm vehicles
  • Forestry machinery
  • Farm machinery - milking and dairy equipment
  • Live stock - beef and dairy cattle

Finance products we offer for the agricultural industry

  • Refinance
  • Hire Purchase
  • Leasing

Refinance – including Sale and HP Back and Sale and Lease Back

Offering businesses the ability to release capital currently locked in unencumbered assets, which can then be used to purchase new assets or invest in other areas of the business.  This can also include assets that are subject to finance agreements with other lenders.

Hire Purchase

When purchasing new or second hand assets, Hire Purchase offers businesses the ability to spread payments across an agreed, flexible term giving farmers the ability to control their cash flow.


Benefiting from using the asset to its full capacity but without the burden of ownership, Leasing is an ideal solution for an agricultural business looking to reduce any upfront investment, with the advantage of being able to offset the rentals against pre-tax profits.

Renewable energy

Renewable energy

As part of the Government’s pledge to reduce greenhouse-gas emissions by 80% before 2050 in order to help tackle climate change, Close Brothers Business Finance are keen to help agricultural businesses meet the challenge of reducing their carbon footprint, by investing in renewable energy technologies.

For agricultural businesses looking at ways to cut their energy costs, biomass and wind energy are an affordable option compared to traditional fuel sources.

By working closely with our Brokers we offer tailor-made funding solutions which are specific to the requirements of their customer, including the refinance of other unencumbered assets to release capital for such purchases.

Assets funded:

  • Biomass boilers
  • Wind turbines

We pride ourselves on our speed of our underwriting process and in the majority of cases funds can be available on the same day.  Furthermore we offer flexible terms which include the ability to set up seasonal payments which sit inline with a business income stream, this means businesses can maintain steady cash flow throughout the whole year.


*DEFRA report of national statistics ‘Agriculture in the United Kingdom 2015’