Diversification into new areas of business – making your land, property and business assets work harder – is increasingly popular and brings new income streams. However, many landowners have been talked into new ventures by salesmen and consultants that then go on to become costly mistakes. It is vital that you have independent, impartial and expert help and advice. And that is where the CLA can help.
The CLA not only has its own advisers in all the core areas you need – land use, legal, taxation, planning and grant schemes – but they almost certainly have members around the country who have already undertaken a similar venture. They understand what income you could realistically earn and, more importantly, they know the potential pitfalls. All this advice is free to CLA members.
At the show, CLA experts will be presenting seminars on a range of topics that will be essential for anyone considering a diversification project. These include tax, planning and rural funding.
Wednesday 8th November
Thursday 9th November
11.00 - 11.30
Rural business post-Brexit
This seminar will explore the implications of Brexit for rural businesses. Government thinking and the potential threats and opportunities will be discussed.
12.00 - 12.30
Securing funding for nature
Investing in the natural environment is increasingly a profitable choice for farmers and landowners. This seminar will look at the various options available to those who want to invest in the natural environment as a complement to their traditional or diversified farm business. It will explain how, with some creativity and know-how, farmers can access significant funding to invest in the natural environment for which they are responsible. Options include providing compensation for habitats damaged through development, natural capital accounting, grants, partnerships with charities, business differentiation and addressing climate change. The opportunities for environmental investment that might emerge as a result of Brexit will also be considered.
13.00 - 13.30
Choosing the right business structure from a tax perspective
Diversification into new areas of business provides an opportune time to consider the business structure you operate through. Should you incorporate your business or is this counterproductive from a tax perspective? This seminar will look at the different business structures and the tax issues to be considered.
14.00 - 14.30
Fenella Collins MRICS
Diversification – how to navigate the planning system
All development is subject to legislation set out in the Town and Country Planning Act 1990 and associated secondary legislation. It is also subject to national and local planning policy. Generally, a new venture will require some form of planning permission. This seminar will provide some tips for achieving planning permission.
15.00 - 15.30
Dr Charles Trotman
Grants and funding in the countryside: pre- and post-Brexit
As the UK prepares to leave the EU, the issue of funding for rural development has become crucial. This seminar will provide an overview of the present arrangements for EU grants in the rural economy. It will outline current developments for grant funding in a post-Brexit world and assess both the challenges and the opportunities that will be faced by rural businesses. It will also consider how this will impact on changing economic and political developments.