Old Mill Updates

Watch it back: 'Virtual Breakfast' Q&A with Andrew Vickery and guest panellist Victoria Read

Thank you to everyone who joined our ‘Virtual Breakfast’ Q&A on Friday 26 June, and for those who asked us a question.

In this session we featured the below topics and we’ve highlighted the time they were discussed so you can get to that section with ease.

1st July 2020

3:12 Correct dates for deferral of VAT and what it will mean to clients

5:43 What grants and funding are still available for farmers?

8:49 As an agricultural banker, how are you finding the marketplace?

10:53 What are your clients interested in at the moment – is it business as usual?

13:18 Is cash flow key in farming at the moment, what should farmers be thinking about?

16:37 What diversifications are you seeing on farms?

18:19 I have an idea about a diversification, where do I start?

21:42 Are there any issues the banks are finding with the grants themselves?

24:18 I haven’t been affected by COVID-19, are there still options to borrow and are they good rates?

25:22 What is the Clean Growth Fund? Where can I find more information -> lloydsbank.com/sustainable-agriculture

28:37 The business is already in debt, is now the time to sell up?

30:46 A few of the banks are not lending to Pension Funds at the moment, when do you think this might change?

33:22 What are you advising your clients to do now for the future?

35:49 After the pandemic do you expect inflation or deflation?

For more information from Lloyds Bank, read their Commercial Banking Business guide ‘Support for your business’

For more information, or if you have any questions about any of the above, please contact your Old Mill adviser or email enquiries@om.uk.