Sustainable Biz - Magazine - Page 8
Agritech - sowing the seeds to
Britain’s farming success
B
arclays calls on government
to spearhead development of
Agritech and renews partnership
with University of Lincoln
to support agricultural start-ups and
entrepreneurs. London, 3 April 2025:
Agritech is worth an estimated £13bn to
the UK economy[1], but new research from
Barclays finds that while six in ten farmers
plan to adopt technological innovations,
they are not being provided with the
support needed, despite its potential to
improve productivity and bottom lines.
8
Agritech is transforming
the future of farming,
harnessing drones,
robotics, and AI to
boost productivity and
resilience.
S U S TA I N A B L E B I Z M A G A Z I N E
MAY 2025
Barclays has been working with the UK
agricultural sector for over 280 years and
lends £1 in every £4 to the sector. Its latest
report, Agritech: supporting the future of
farming draws on insights from farmers and
Agritech companies to highlight key barriers
slowing the adoption of such transformative
technologies. Financial challenges coupled
with perceived lack of government support
were highlighted as the primary obstacles.
Almost half (45%) of farmers surveyed
cited an unclear return on investment
and extensive upfront costs (41%) as
