Being aware of market developments and using them to maximise your business opportunities is central to the longevity of many successful rural businesses. We’re here to help you identify potential diversification options and our experts have the practical experience and technical ability needed to guide you through the process of expanding or transitioning your business into its new form.
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.
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If you would like to hear more about how we can help you with rural diversification or have specific questions, please contact us.
"The depth of experience which the team at Anderson Strathern has gathered in working with rural estate clients allows them to seamlessly handle large, complex and high value transactions as well as supporting day to day operational matters and queries. The advice provided by the team is enhanced by experience in the forestry, energy and commercial sectors as well as in the agricultural sphere."