Oxbury bank secures £10 million to fuel agri SME lending

UK-based Oxbury Bank has secured an additional £10 million Tier 2 capital facility from the British Business Bank to expand lending to small and medium-sized enterprises (SMEs) in the agricultural sector.

The latest funding is in addition to the £25 million facility agreed in 2022 and will support financing for farmers and agribusinesses investing in land, automation, infrastructure, and storage.

CEO James Farrar said the bank aims to provide tailored financial solutions to farmers, alongside savings products open to individuals who want to support British agriculture.

Nick Evans, co-founder and managing director at Oxbury Bank, said, “We are now executing one in five new farm loans in the country and are approaching a 10% share of new agricultural lending.”

The British Business Bank has also supported Oxbury through a £100 million ENABLE Guarantee programme, which is expected to help generate around £45 million in additional lending to SME agricultural businesses.

The new facility will further strengthen Oxbury’s capacity to scale lending and support growth across the UK’s food and farming sector.