AgriFood Sector Investment Proposition

AgriFood Sector Investment Proposition

Lincolnshire County Council has worked with the Greater Lincolnshire LEP to produce a detailed guide to investing in Lincolnshire’s agriculture and food chain.

The brochure is available to download here and includes detailed information on the industry and its distribution across the LEP area.

It identifies key clusters, and the innovation and skills assets we have and development sites for the food chain. It forms part of the LEP’s work to develop the profile of the food sector and attract further investment to the area.

The Agrifood Sector Investment Opportunity

Greater Lincolnshire is at the heart of the UK’s £234 billion agrifood sector, presenting unique investment opportunities for businesses seeking to profit from the industry’s transformation and growth.

Accounting for 25% of grade 1 arable land and 11% of England’s food production, the area is home to leading industry clusters right across the food value chain – from agriculture to food manufacturing, advanced agricultural and food technologies, and logistics.

Greater Lincolnshire is characterised by a unique nexus of businesses and research centres working to address the agrifood industry’s key challenges: improving productivity, sustainability and supply chain resilience through innovation and investment in both core agrifood sector specialisations and leading-edge ‘Food Industry 4.0’ technologies.

This knowledge and expertise is complemented by a large, specialised and cost-competitive agrifood industry workforce, supported by education providers working closely with businesses to deliver the specific skills they need.

The UK Agrifood Market Opportunity

The country’s 67.8 million consumers1 spend £234 billion annually on food and drink, and increased their expenditure by 37% in the decade to 2019. The market shows strong growth in added-value premium and niche products including vegan, organic, more nutritious and ‘free-from’ foods.

At present, the UK produces 61% of the food it consumes, while the EU supplies 79% of imported food and drink.3 However, Covid-19, reduced integration with EU supply chains (due to Brexit) and plans to deliver net zero carbon food chains are likely to drive the sector’s transformation, through shorter, more resilient supply chains and expanded domestic production and storage.

The brochure is available to download here.

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