Agri-food sector set for major investment

Despite the economic downturn and circumspect spending forecasts across other sectors, food processing and manufacturing will buck the trend, a survey has revealed.

English Farming and Food Partnerships (EFFP) conducted the survey of 70 senior agri-food executives which found 90 per cent were ‘increasingly confident’ about the future and 70 per cent were ready to invest ‘significant sums’ of money.

Of those ready to invest, 21 per cent said they would pump more than £5 million into their business and nearly half said they would invest between £500,000 and £5m.

EFFP chief executive Siôn Roberts said the survey ‘shouts out confidence in the agri-food sector despite the recession’.

“This confidence creates opportunity because UK food businesses are increasingly focusing on supply of single commodities from UK producers.

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