Farming our Future
Charlie Nunn meets our clients at Newlyns Farm to hear how they’re adapting to different opportunities, sustainability in farming, and the part they play in their local community.
Video | 8 min
At Lloyds Banking Group, we're proud to be the biggest bank for farmers, lending £550m to UK agriculture businesses last year. Farming and agriculture plays a pivotal role in UK food security, environmental and land management, sustainable communities and employment.
"The first thing about beingsustainable is being profitable so that we're here for the future."
"It's great to have that benchmark that we can assess ourselves on, and work out ways we can improve it."
How are the UK’s farms managing uncertainty and making the most of new opportunities? [05:31]
Farmers are experienced at dealing with uncertainty and being entrepreneurial. Newlyns diversified their business and opened a farm shop in 2004, which has since expanded to include a cookery school and café.
Most of the produce sold or served at Newlyns comes directly from the farm or from the local area. The farm shop has been an important outlet for many local producers, whose businesses have been supported to grow alongside the shop.
At Newlyns, the family have been on the farm for four generations. They’ve put down roots, while growing and adapting their businesses to navigate challenges and seize new opportunities, and provide employment and apprenticeships for their local community.
"Lots of local businesses have grown
up producing food, and we're an outlet for them."
Charlie has over 25 years’ experience in the financial services sector. Prior to joining the Group in August 2021, Charlie held a range of leadership positions at HSBC, including Global Chief Executive, Wealth and Personal Banking, and Group Head of Wealth Management and Digital, as well as Global Chief Operating Officer of Retail Banking and Wealth Management.
Charlie began his career at Accenture, where he worked for 13 years in the US, France, Switzerland and the UK before being made a Partner. He then moved to McKinsey & Co. as a Senior Partner, leading on projects for five years.
Supporting our agricultural clients
We’re here to support our agriculture clients in their transition journey:
- Our specialist agriculture relationship managers have extensive training, including a tailored course delivered in partnership with the University of Cambridge Institute for Sustainability Leadership, and bespoke training to deliver our partnership with Soil Association Exchange.
- Relationship Managers stay close to what’s happening in the sector and what’s important to clients through farm visits and round tables, as well as through weekly webinars and question time events.
- We've lowered the lending limit on our Clean Growth Finance Initiative to include borrowing below £25,000 for agriculture, so that smaller farms can access more manageable finance to fund things like improvements to soil health and peatland protection.
- Beyond our Clean Financing Growth Initiative, we provide discounted finance for initiatives that make farms more sustainable, with one percentage point margin discount lending available on loans of up to £50,000.
Enabling the transition to a low carbon, more sustainable and inclusive future for people and businesses is key to delivering on our purpose.
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