How We Fund a £320,000 Project, and Fighting a £200,000 Electricity Bill

Get Your Free LAMMA Tickets: https://agrc.im/utozP With the farming side ticking along and the muck spreading done, this episode is a bit different, a proper finance special. Tom Perkins from Charles and Dean comes down to talk through two big projects landing this month, battery storage to take the sting out of a runaway electricity bill, and a major upgrade to the grain hospital. We open up the numbers in a way most farms never would. Our electricity across this site alone is now topping £200,000 a year, up from around £100,000 five years ago, a lot of it in standing and capacity charges we simply cannot avoid. So rather than paying that out like rent to the grid, we explain the plan to install a 750 kilowatt battery system and expand our solar, how it could pay for itself in just a couple of years, and why financing it rather than draining the overdraft makes sense. We get into the honest detail of how asset finance, retrospective funding and the government growth guarantee scheme actually work, and how to avoid the trap of borrowing your way out of trouble. We also look over the £320,000 grain hospital upgrade and the new colour sorter on its way from Denmark, and get ready to take the trailer to the LAMMA show in January. From a runaway energy bill to the real mechanics of farm finance, this is another look behind the scenes of a modern farming business. For those interested in our new merchandise: https://pxfarms.myshopify.com/ Chapters: 0:00 Intro 0:15 Two big projects, and a £200,000 energy bill 3:04 Inside the battery and solar setup 4:54 Where to put the money this year 5:35 How asset finance can stretch further 6:53 Restructuring debt to relieve cash flow 9:39 Why batteries feel like a no brainer 11:14 A look at the inverters and batteries 12:38 The colour sorter, grants and paying first 13:40 How retrospective finance works 16:01 Funding the install, not just the hardware 16:53 The growth guarantee scheme explained 20:15 The £320,000 grain hospital upgrade 23:00 Financing it without a second charge 25:08 Unsecured lending, and getting a quick decision 27:11 What's happening across farming right now 29:30 Getting ready for LAMMA, and Christmas P.X. Farms is proudly supported by: Attara - https://attara.co Hectare - https://www.wearehectare.com Spaldings - https://spaldings.co.uk Agrii - https://www.agrii.co.uk Anglia Farmers - https://af.farm Charles and Dean - https://www.charlesanddean.com/px-farms Everywhen - https://www.everywhen.co.uk Syngenta - https://www.syngenta.co.uk Fendt - https://www.fendt.com/uk/ RTKFNet - https://www.rtkf.net Chavereys - https://chavereys.co.uk Horsch - https://www.horsch.com/en/home Lodi - https://www.lodi-uk.com S&A Buildings - https://www.s-and-a.co.uk All views expressed in this video are our own and do not reflect those of our sponsors. Follow us on: Instagram: px_farms TikTok: px_farms https://x.com/pxfarms https://open.spotify.com/show/4AmELtV... Contact: Email: [email protected] #Farming #Agriculture #FarmingUK #BritishFarming #FarmBusiness #FarmFinances #BatteryStorage #Solar #EnergyCosts #ArableFarming #GrainStorage #FarmLife #FarmVlog #PXFarms Thank you for watching and supporting our farming journey! Don’t forget to like, comment, and share this video! Your support helps us bring you more content from the farm.