A family owned arable farm near Horncastle is one of the ambitious businesses in Mid-Lincolnshire benefitting from financial assistance by a high street bank.
Scrivelsby Farms accessed £3.5 million in funding from HSBC to invest in a state-of-the-art anaerobic digestor.
The digestor is only the third of its kind in the UK and due to begin commissioning this month. It will be fed with waste from the farm and is expected to eventually produce nearly 500KW of renewable electricity per day.
At the moment, only two other digestors of this kind exist in the UK. Excess power not used on the farm will be exported to the national grid to contribute to the farm’s revenue.
Francis Dymoke, Managing Director of Scrivelsby Farms, said: “The digestor will diversify our business and is a big part of our future.
“It involved a large investment and the support and advice we received from HSBC was vital. Our ambition is that the renewable energy the plant produces will generate revenue for decades to come.”