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March 31, 2022updated 01 Apr 2022 10:27am

Close Brothers Asset Finance unveils dedicated agriculture team

By Alejandro Gonzalez

Team will fund traditional agricultural equipment and diversifications

Close Brothers Asset Finance announced it has appointed Gareth Evans to head up its new agriculture team.

Evans, who has significant experience in the general agriculture sector, is the first of four new hires who will work closely with farmers to help them diversify and supplement their income from non-traditional sources.

Gareth Evans

Led by Evans, the team will cover the whole of the UK, with each member responsible for their own region and will be attending all key shows, including LAMMA, the Royal Cheshire Show, Great Yorkshire Show and Lincolnshire Show.

Evans said: “This is an exciting opportunity for myself, the new team and Close Brothers Asset Finance; we’re all looking forward to the challenge of working in this fantastic market.

“We bring with us decades’ worth of collective experience and are very well known in the sector, which means we’ll be in a position to hit the ground running.”

Steve Gee, CEO of Close Brothers Asset Finance’s Industrial Equipment Divisionadded: “Getting someone of Gareth’s calibre on board further endorses our plans to grow our exposure in the general Agriculture sector, a market we identified as a growth sector.

“Agriculture is not new to us and we’ve long worked with farmers, but it’s the first time we have established a dedicated UK-wide team. When we enter a sector, we remain committed for the long-term, as evidenced by our experience in industries like manufacturing, engineering and construction, where we’ve had a presence for 30 years.”

Andy Sagar, managing director of the Construction and Recycling team, said: “We identified Agriculture as a growth sector because many farmers are, through necessity, adapting to the climate risk and moving beyond traditional farming income, and we want to help them on that journey to diversification, whether it be to a more nature-based approach or even setting up holiday homes

“The options are almost limitless and we are optimistic about the future. As the economy continues to recover, we look forward to helping farmers thrive through all economic cycles.”

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