Ag Bank Oxbury Gets £100 Million Commitment from British Business Bank

The British Business Bank says it has agreed to a £100 million ENABLE Guarantee transaction with Oxbury Bank, a financial institution that focuses on farmers, food production and the rural economy.

Oxbury is described as an “AgTech” bank that operates a Fintech platform called OxburyEarth that combines decades of banking and farming experience.  Oxbury aims to offer more tailored and flexible financing for UK farmers.

Oxbury launched as a fully regulated bank in February 2021, offering lending and asset finance solutions tailored to the specific needs of farm businesses. Oxbury combines its own proprietary digital banking platform – OxburyEarth – with a team of dedicated relationship managers providing a wealth of agricultural experience and banking advice for clients.

Oxbury aims to have a billion-pound balance sheet by 2024. It currently has £750 million in lending in progress and £1 billion in savings deposits from farm businesses and consumer

Reportedly, Oxbury has raised over £120 million in investment since its inception, with additional plans to raise capital in the future.

In September 2022, the bank launched Oxbury NewGen – a project to provide funding for new farming ventures and advice to give a new generation of farmers the best possible chance of success.

Oxbury co-founder and  Chief Customer Officer Tim Coates said they are pleased to be expanding their relationship with the Bank to help support farming/food related SMEs.

“As the UK’s only dedicated agriculture bank Oxbury is on a mission to help farmers and food producers address the twin challenges of food security and the transition to low-carbon nature-friendly production. Our relationship-led approach, enabled by our proprietary Oxbury Earth Agtech banking platform, is essential in serving the needs of the small and medium business that are the lifeblood of this crucial part of the British economy.”



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