- providing seed-to-shelf product traceability for products delivered to international processors’ and retailers’ specifications;
- farm re-equipment and refurbishment that will allow for more advanced farming techniques to be applied, resulting in yield improvements;
- establishing a large-scale potato growing business via investment into state-of-the-art storage facilities;
- establishing joint ventures in the Czech Republic with market leaders in their niches addressing vegetable supply;
- increasing milk yields by investing in herd improvements.
- Support for the development of a key economic sector – The proposed project enables the Bank to directly support the development of large-scale agriculture in first-tier EU accession countries with a sponsor that is a market leader in its sectors in the United Kingdom. The size and visibility of Farmwealth in Poland, through its long-lease ownership of Glubczyce, will provide a very strong demonstration effect to the farming community in Poland of the benefits to investment, scale, high standards and customer focus. Farmwealth is already seeing this effect in the region where the Polish farm is located.
- Transfer of skills – Spearhead’s approach to the development of its Czech and Polish assets is based on the transfer of the management and technical skills that have enabled Greens to become a successful and significant operation in the UK.
- Improved quality in the domestic supply of locally grown produce – Both processors and food retailers and ultimately consumers will benefit from the increased supply of good-quality produce packed locally at a competitive price.
- Supply chain improvement – By supporting this project, the EBRD would assist the creation of an efficiently functioning domestic supply chain in the fresh produce sector. This can provide significant benefits, including displacement of imports, improved quality and better priced products for the consumer and reduced logistics and inventory costs for processors and retailers.
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