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Croft House FarmAgriculture finance case study

Supporting British business

Croft House Farm in rural Buttermere, Cockermouth has worked closely with Paragon over the past five years to grow in both the livestock industry and agricultural contracting.

Edward Beard, 27, of Croft House Farm focusses predominantly on livestock farming, with over 800 lambing ewes and 65 suckler cows. The main farm income is from the contracting side of the business through fencing, groundworks, baling, mowing and all other aspects of grassland work requiring large machinery.

How Paragon helped

Over the years, Paragon has been able to fund over £200,000 worth of equipment, including a pickup, digger, grassland machinery and tractors, to enable the work done by Croft House Farm to support the surrounding areas.

Edward Beard said: “When I first started out I had just an L reg tractor, a bale wrapper and a mini digger. With the help of Ian and Paragon, I now have six tractors, two diggers, two balers and three wrappers. This is along with all the other machinery required for growing the grass, all the way to cows eating it. Ian helps me to manage my finances effectively and so far, I have never been in a position where I would struggle to make a repayment.”

With the help of Ian and Paragon, I now have six tractors, two diggers, two balers and three wrappers

Croft House Farm covers nearly 1500 acres, including National Trust common land. Edward also works closely with the National Trust and the Rivers Trust, supporting stewardship schemes across the Lake District, helping with natural flood management and keeping footpaths useable.

Ian Smith, Business Development Manager at Paragon, said:
“I have worked with Edward at Croft House for many years and it’s fantastic to know that we are supporting a business that has such an impact on the local area. Understanding the needs of Ed and his businesses, as well as the machinery he invests in, enables us to make a real difference and build a strong relationship.”

Alongside Croft House farm also sits Croft House Farm Café, an award-winning café that is open 365 days a year.

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Paragon Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England number 05390593. Registered office 51 Homer Road, Solihull, West Midlands B91 3QJ. Paragon Bank PLC is registered on the Financial Services Register under the firm reference number 604551