Company Profile
Location |
Sevenoaks, Kent |
Employees |
5-10 |
Sector |
Agri-Tech |
Investment Overview
Stage |
Early Revenue |
Raising |
£250k (50% achieved) |
Scheme |
SEIS |
✉️ [email protected]
Vision
Through our platform, farmers will access the knowledge and support they require to benefit from the subsidies they are entitled to.
By leveraging efficiencies through technology, we will dramatically reduce the cost of providing subsidy support.
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Problem
Subsidies are changing, and it is putting farmers livelihoods at risk.
- The new Sustainable Farming Incentive (SFI) subsidy scheme is extremely complex.
- Farmers often do not possess the skills or resources required to access subsidies.
- They are forced to rely on expensive land agents to do it for them.
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Solution
A technology platform that helps farmers gain access to £3bn of agricultural subsidies.
- Our platform will break down the complex SFI scheme into a workflow that will guide farmers through the process.
- Utilising the latest advances in Gen-AI, the platform will help farmers:
- Identify relevant SFI schemes for their farm
- Help guide them through the application process
- Support the ongoing evidence capture / management of the subsidies they obtain.
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Our AI-enabled platform helps farmers access essential subsidy support, significantly reducing the cost & complexity of the application process.
Total Addressable Market
Untitled
Financial Forecast
Untitled
Projections Year 5
Revenue: £12.2m
Operating Profit: £9.2m
Farms Onboarded: 10,800 (5%)
Assumptions
Ave. Farm Subsidy: £30,000
Market Share: 5%
Commission: 6%
SaaS Subscription £25/m
CAC: £145
The Market
(£1.5bn SFI subsidies claimed so far in 2024)
Defra’s ambition is for 70% of farmers to be supported by the SFI scheme by 2028, delivering approx. £3bn of subsidy support each year. (DEFRA, 2023)
The expensive upfront cost of accessing subsidy support prevents farmers from getting access to the funds they desperately need.
By leveraging efficiencies through technology, we will dramatically reduce the cost of providing subsidy support.