BY JEFF WELLS wdnews@b-nm.co.uk George Osborne has been urged to create the conditions under which farmers can confidently invest in agricultural plant. Ahead of the Autumn Statement next month, the National Far mers’ Union has written to the Chancellor urging him to consider farming in his financial plans for the year ahead. The NFU said it has submitted proposals making the case that agriculture is en-
George Osborne is being lobbied by the NFU to help farmers
Daily business e-briefing www.southwestbusiness.co.uk is the home of business news for the region. Visit today and enjoy a free daily e-briefing BUSINESS SPECIAL THURSDAY tering a period of very significant opportunity – for growth, new services and rural employment. In a statement it said: “We have weathered the recession, shown resilience and strength and are now looking to the Government to create the fiscal framework in which family farm business partner-
ships, along with other rural businesses, can contribute to the investments needed to boost the UK’s productivity and profitability.” In its submission it outlined three critical areas to promote investment and growth. ■ An appropriate and consistent Annual Investment Allowance for farming ■ Farm infrastructure allowances ■ Taxation tools to improve farm business management of volatility Outgoing NFU president Peter Kendall wrote the personal letter to Mr Osborne. He said: “Agricultural businesses have previously seen both the Annual Investment Allowance drastically reduced and Agricultural Building Allowances abolished. “These measures have discouraged investment and while large companies have benefited from considerable corporation tax reductions, unincorporated businesses have seen their income tax liabilities increase. “This limits their ability to invest, expand and grow.” He went on to highlight how the farming industry’s biggest opportunity for growth was to reduce the dangerous reliance on imported foodstuffs. He said: “The UK imports 500,000 tonnes of poultry, equivalent to one third of our domestic production. We are even more dependent on overseas farmers and meat processors for pork, where the 800,000 tonnes imported overshadows our own UK production base.” The Autumn Statement is on December 5.
A West Country firm is in Shanghai at the moment attempting to sell – tea to the Chinese. It is there as part of a visit with Environment Secretary, Owen Paterson that is aiming to fly the flag for British food. Some 35 British food and drinks businesses are hoping to tap into the Chinese market at the Food and Hotel China exhibition in Shanghai. Pukka Herbs, which has operations in Bristol and Gloucestershire, is among the firms with Mr Paterson. It was established in 2001 and is the number one organic fruit and herbal tea brand in the UK and is growing at 66 per cent year on year. Globally,
Sebastian Pole and Tim Westwell of Pukka Herbs, which is selling tea to China
The West Country is full of farmers who deserve praise – but Anthony Gibson has singled out Neil and Sally Gribbs, who farm in East Devon, for special praise. Find out why on PAGE 4
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Wells 01749 677667 wells@carterjonas.co.uk
The Property People
it sells tea to over 40 countries and international sales represent over 50 per cent of its total business. Mr Paterson said: “With Britain’s global reputation for quality and China’s increasing demand for Western-style food and drink, there is no better time to tap into the Asian market. I will be doing all I can to promote our products and make it easier for aspiring British entrepreneurs to strike new export deals with China.” The food and drink industry contributed £96.1 billion to the UK economy last year, employing nearly four million people. It’s the UK’s largest manufacturing sector, creating more than 8,500 new products a year. Food and drink exports have increased by nearly 50 per cent in the past decade, to the value of £18.2 billion.
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NFU appeals for certainty of investment
Selling tea to China in food export drive
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