A strawberry grower form Somerset has purchased two plots of land totalling 13.8 ha after securing £5.5 million in funding. Global Berry produces strawberries for major supermarkets including Sainsbury’s, Aldi, Morrisons and M&S. It has now acquired land it has been renting for the past five years.
The £6.5 million turnover business, based near Yeovil, decided to make an offer to its landlord for the two plots, which already house the glasshouses it uses for growing its strawberries, so that it could invest in the long-term future of the firm.
Buying the land outright has enabled Global Berry to make major savings across the business, with its monthly loan repayments now 45 per cent less than it previously paid in rent.
With the money saved, the company will invest in renewable energy to heat greenhouses, transitioning from using natural gas to using biomass fuels.
Chardandilminsternews.co.uk quoted John Downes, managing director at Global Berry as saying: “When we started this business, it was a bit of a moment of madness. We spotted an opportunity in the market and decided to go for it. Now, five years later, we’re supplying some of the UK’s biggest retailers. Buying this land is a huge advantage for us. We can plan for our long-term future while also making some crucial changes to the sustainability of our business in the short term – something we’re really passionate about.”
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