Location: North Yorkshire
General Background
This mixed farm wanted to reduce energy bills and diversify income by installing a solar PV system and battery storage on the roof of a lambing shed. They had secured agricultural contracting with a neighbouring farm which made the project viable.
Finance Background
- Partnership
- 70% mortgage on farm
- Poor cash flow
- One other finance agreement
- CCJ on payment plan
- Strong green credentials attracting grants
Alchemy Funding Approach
- Type: Sale & Leaseback
- Term: 48 months
- Funding security to value: 50%
Security
- Sprayer
- Tractor & handler
- Pickup truck
- Plough
- Hedge trimmer
- Topper
- Livestock trailer
Rate
- 8.5% net

