COOLWYNDS Farm in Co Tyrone is set for a ‘cracking’ new year as it unveils its new free range egg laying unit.
The new facility, which houses 16,000 birds, has been supported by Ulster Bank and provides the farm with an additional income stream to their traditional suckler cow business.
A year on from the introduction of the Welfare of Laying Hens Directive, the bank says that those producers, who have invested in their cages to ensure they are compliant, are seeing opportunities in the market.
“The major GB retailers and multi-nationals are now only selling eggs from fully compliant producers which gives local farmers who have made the investment a significant advantage,” says Cormac McKervey, senior agricultural manager, Ulster Bank.
“We have supported many growers, both new to the sector and existing customers, who have expanded or upgraded their facilities and with local egg suppliers building strong markets across Great Britain and the Republic of Ireland we see further opportunity for steady growth in the sector,” he adds.
Coolwynds Farm is one of hundreds of local businesses who have availed of funding through the Bank of England and HM Treasury Funding for Lending Scheme. The scheme has been used by the Bank to remove arrangement fees and cut the interest rate on eligible business loans by 1%, potentially saving customers a significant sum of money.
Ulster Bank business development manager David George works closely with David and Andrew Brady from Coolwynds Farm. He says the Bank is pleased to have played its part in the farm’s business development.
“We are delighted to support David and Andrew’s plans to diversify the existing business and create an additional income stream for the farm. Maximising the resources and space available to generate sustainable returns is important for any business and we are confident this diversification will be an extremely productive long-term investment for Coolwynds Farm.”
The new unit at Coolwynds Farm will produce eggs for leading egg processor, Erne Eggs, with all the bird feed sourced from another local supplier, Fane Valley.