More Government Investment In Agritech

With the UK's tomato and cucumber shortage being highly visible in supermarkets, it was well timed for the appropriately named Mark Spencer to announce £168 million in funding for the agritech sector for driving adoption of new technologies in the sector. The grants, when finalised later this year, are intended to be made available through the Farming Innovation Programme (FIP) and the Farming Investment Fund (FIF) – which will sit alongside the Environmental land management (ELM) schemes, and will help with the purchasing of equipment.

Seeking to focus on 'practical solutions that advance food productivity and deliver significant environmental and animal welfare benefits', we can expect to see a wide range of projects moving forwards with the help of these grants, as there should be a greater opportunity when it comes to sales.