FUNDING OPPORTUNITY FOR FARM BUILDING CONVERSIONS

Funding for farm building conversions is currently available in Gloucestershire under the Workspace Investment Programme. The scheme will fund up to 50% of the costs of converting redundant traditional farm buildings for commercial and community uses. The scheme is competitive any only those projects most able to demonstrate how they will help contribute to the county priorites and objectives will be likely to succeed. For this reason it is essential to take early expert advice in order to stand the best chance of securing funding for your conversion. Please contact Christopher Graham on 01285 648106 or e-mail chris.graham@mooreallen.co.uk for more advice and your chance to benefit.

ARE YOUR FARM BUILDNGS ADEQUATELY INSURED?

Sadly we are seeing a number of cases where client’s are having to make claims on there farm buildings insurance only to find that either policies won’t pay out or will only pay part of the cost. Predominantly there seem to be two main reasons for this:

1 BUILDINGS IN POOR REPAIR
With ever greater pressures on farm budgets and less labour available, often it is routine building repairs are one of the first items to slip. Not only does this leave the farm with a potentially huge repair bill in the future but also many insurance policies require building to be maintained in good condition. If you have buildings in poor condition it is important that these are declared to your insurers if you wish them to be covered.

2 UNDER VALUATION
Many polices are renewed annually without any great thought being given to the values being covered. With greater legal requirements to be met when a building needs to be replaced such as the proper disposal of asbestos and the use of traditional materials in the case of listed buildings, it is essential that the full rebuild cost is insured.

Moore Allen and Innocent are approved by the RICS to handle insurance business including advice on choosing policies, obtaining quotes and liasing with insurers. Our rural team are qualified to carry out specialist insurance valuations of both agricultural and residential properties. If you have any concerns about the cover you currently have in place and would like some impartial advice please contact Chris Graham on 01285 648106.

For clear, objective and professional advice on these or any other agricultural and rural estate issues please contact one of our Agricultural Team:

Robert Young ~ Mark Hill ~ Christopher Graham ~ Paul Oughton ~ Brian Smith
Peter Kirby ~ Stuart Milsom ~ Margaret Bush

Tel. 01285 648 113                                                             Fax. 01285 640 494    

This newsletter is produced for guidance only and should not be used as a substitute for professional advice. Accordingly no liability or responsibility for any loss or damage can be accepted by Moore Allen & Innocent or other contributors as a result of any person, company or other organisation acting or refraining from acting upon comment on this newsletter.

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