Agribusiness firm expands premises with bank funding

A Lincolnshire business that supplies agrochemicals, fertilisers, seeds and application equipment, has secured funding from Barclays to buy a new storage facility.

Agrigem, which is based on the Riverside Enterprise Park in Saxilby, has purchased a new 2,500 sq ft unit next to its existing head office and storage facility.

The business supplies products to a variety of industries including horticultural, equine and forestry. It was founded in 2013, by managing director Kieran Would in the garage at his home in Fillingham. In 2014, the business rented its first storage unit – a 700 sq ft site in Market Rasen and then in 2015 took on its first member of staff.

The company quickly outgrew these premises so in 2016, began the search for a new site, and took the decision to buy off-plan when the Riverside Enterprise Park was being developed, following some funding from the Regional Growth Fund. In 2017, the business officially moved into its new home – Gem House.

Would said: “We are delighted with our move to this business park which has become home to a number of diverse businesses. From an operational point of view, we were keen to acquire additional storage capacity on this site, providing us with a platform on which we can further grow the business.”

Funding was provided by Barclays. Simon Jenkin, relationship director at Barclays in Lincolnshire said: “Having identified a niche in the market, Kieran’s vision for his business has resulted in a fast growing company that is enjoying early success as well as providing employment opportunities in the County. His work is to be commended as he continues to drive the growth of the business and I am delighted we have been able to support these growth ambitions.”