<div style="display:inline;"> <img height="1" width="1" style="border-style:none;" alt="" src="//googleads.g.doubleclick.net/pagead/viewthroughconversion/1028731116/?value=0&amp;guid=ON&amp;script=0">
6 ISSUES FOR JUST £6 Subscribe to Business & Professional Life today CLICK HERE

Peer-2-Peer: An option for business diversification?

PUBLISHED: 15:17 06 September 2017 | UPDATED: 15:17 06 September 2017

Giles Cross, Folk2Folk

Giles Cross, Folk2Folk

Archant

For businesses choosing to diversify the process is never easy. Giles Cross, CMO at FOLK2FOLK, explains that alternative finance providers like FOLK2FOLK exist to help and enable those business owners by support their new business ventures

Running a business is never easy but for those choosing to diversify, the opportunity for excitement and trepidation looms even larger, especially if that diversification is a necessary part of business survival; and getting the finance to fund new ventures is, for many, a point of real stress, especially when a degree of certainty and speed is required (as is often the case in “make or break” scenarios).

In the current business environment, SME and local businesses face just as many challenges as larger corporations and, in many respects, it can be tougher for them to thrive as they are exposed to greater risks posed by political, economic and environmental volatility.

Land owners, food producers and farmers are one “group” that frequently feels this pain being hugely impacted by everything ranging from taxation, regulatory and environmental policy change to inclement weather, uncertain crop yields, livestock diseases and blights, all of which can have devastating effects on their businesses.

Over the past decade, we have seen a trend for more and more rural and farming businesses seeking to expand and diversify into new industries to both compensate for losses and to create new and alternative revenue streams.

Diversification is something to be celebrated and supported. The entrepreneurial spirit shown by British farmers and land owners in recent years has proven that new opportunities and ideas can be turned into profitable and sustainable businesses. Indeed, this may even hold the secret to our post-Brexit success.

Take William Chase, a Hereford potato farmer who diversified into food and drink by creating the high-end Tyrells crisp brand and later founding the award-winning Chase spirits company, now world-famous for its outstanding vodkas and gin, all produced under its strict “field to bottle” policy.

But sadly, as the appetite for diversification has grown, the appetite of traditional finance providers to support such ventures has diminished. Smaller rural, local and entrepreneurial businesses are finding themselves increasingly unattractive to those institutions, as the willingness to lend to certain sectors and new ventures has fallen away.

Alternative finance leaders like FOLK2FOLK exist to help and enable those business owners by support their new business ventures. We like to say “yes” to agricultural business owners looking to diversify. Over the past four years we have helped fund a variety of diversification projects from alternative accommodations businesses in camping and glamping to investing in leisure and tourism facilities such as golf courses and holiday lets, as well as food and drink production, energy projects, wedding venues, event companies and alternative livestock and equestrian centres.

FOLK2FOLK provide a platform which empowers local people to invest directly into local businesses through secured lending. Our community of local Lenders is helping transform the rural environment across the UK by backing great British businesses in their next phase of growth. Together we are building a new movement for local business lending that is supporting land and farming entrepreneurs, ensuring the free flow of capital needed to help strengthen and improve local economies, creating jobs and opportunity, easing issues of rural deprivation by making them better, happier and more prosperous places to live and work.

We love the excitement of seeing what new ventures and ideas from potential borrowers land on our desks each morning and if you’re a land owner or agricultural business looking for finance to help you diversify, don’t hesitate to pick up the phone to our Business Development Team to talk about how FOLK2FOLK could help your project progress.

Call us on 0330 053 5532. We want to talk about your future and help you find the solution you need.

For more on Peer-2-Peer lending, visit the Folk2Folk website.

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other Cotswold Life visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by Cotswold Life staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique Cotswold Life account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

More from Cotswold Life

Thursday, November 16, 2017

As a Christmas treat Cotswold Life is pleased to offer one lucky reader the chance to win an array of fantastic prizes in our Christmas Quiz

Read more
Thursday, November 16, 2017

“Perceived rules and regulations change so rapidly that you now have to check with Twitter for a behavioural update before daring to leave the house.”

Read more
Wednesday, November 15, 2017

Gloucester Golf Club has been saved after members stepped in to secure the lease of the course

Read more
Wednesday, November 15, 2017

Managing partner Bridget Redmond commented: “This exceptional set of results is testament to the hard work and calibre of our lawyers.”

Read more
Wednesday, November 15, 2017

Independent legal directory Chambers and Partners has ranked the family law team of Gloucestershire firm Willans LLP as the best in the area

Read more
Tuesday, November 14, 2017

Monday November 20 will see the start of the first, annual Coventry & Warwickshire Business Festival

Read more
Tuesday, November 14, 2017

Are you entering into new contracts or re-negotiating existing ones? Now is the time to consider the potential implications of Brexit, explains Theresa Grech, corporate & commercial partner at Willans LLP solicitors

Read more
Tuesday, November 14, 2017

With cyber-attacks on the rise, innovation for business is crucial, James Geary of Randall & Payne explains funding for advances in technology

Read more
Tuesday, November 14, 2017

Did you attend the Gloucestershire Forwards Business Breakfast? You could be in our social photos...

Read more
Tuesday, November 14, 2017

Crowthers Chartered Accountants has been working with businesses to tackle the headache and inefficiencies of bookkeeping systems

Read more
Tuesday, November 14, 2017

“The firm has received a number of excellent plaudits in many of the professions’ independent guides,” adds Martin Green, Lodders’ senior partner, “and to have so many of our lawyers individually recognised and recommended is testament to their hard work and diligence.”

Read more
Tuesday, November 14, 2017

The two companies are now partnering to provide cutting-edge technology for customised implants

Read more
Tuesday, November 14, 2017

The weekend is fast approaching and for those still deciding how to spend their Friday through to Sunday, we pick 5 of the best ways to spend your weekend in the Cotswolds

Read more
Tuesday, November 14, 2017

Cosidor is the patented and completely unique system which uses a portiere rod that is designed to fit most doors and effectively keep out draughts

Read more
 
Great British Holidays advert link

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter

Topics of Interest

Food and Drink Directory
A+ Education

Subscribe or buy a mag today

subscription ad
Cotswold Life Application Link

Local Business Directory

Cotswold's trusted business finder

Job search in your local area



Property Search