Our experts have experience in facilitating multiple types of rural diversification, including renewable energy and carbon offsetting, forestry, peatland restoration, agri-tourism, and contract farming agreements. We understand that adaptation is crucial for any business, and this is particularly true of rural businesses. Often, they are passed down over generations and ensuring that your business is able to diversify to meet current trends, as well as new legal requirements, will be fundamental to securing its future viability.
We recommend seeking expert advice at the start of any diversification project. There may be legal requirements that are time-bound or involve third party consent before a diversification can proceed and this is the time when the most options will be available to you, meaning that we will be able to provide bespoke advice to help your rural business prosper through diversification. The tax consequences of the project can also be reviewed at this stage and we work closely with colleagues in our Wealth and Trusts Team to secure the best tax outcome for you.