Specialist agricultural lender Oxbury has secured a further £10m tier-two loan from the British Business Bank (BBB), building on a £25m facility agreed in 2022.
Having grown “substantially” in those four years, Oxbury Bank now claims to be responsible for one in five new farm loans in the UK.
Oxbury’s lending focuses on enabling small farming and food businesses to invest in land, infrastructure, automation, storage and working capital.
“We are extremely grateful to the British Business Bank for its continued support. They backed Oxbury in 2022, relatively soon after we began lending, and this additional facility reflects the progress made over the past five years,” said co-founder and MD of Oxbury Nick Evans.
“Today we are executing one in five new farm loans in the country and are approaching a 10% share of new agricultural lending. That growth has been underpinned by disciplined underwriting, strong credit performance and a shareholder base comprised overwhelmingly of farmers and landowners.
“The combination of farmer-backed capital and government-backed support provides a strong platform for our continued, prudent growth.”
Under the BBB’s new five-year plan, launched in late 2025, the bank has been permitted by government to increase its annual deployment to £2.5bn, up from £1.5bn.
It is now also able to immediately use the returns it generates, investing them without having to first ask for governmental approval, and has been directed to both increase the size and scale of its investments.
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