Devon & Cornwall Securities funds £1.45m loan for dairy farm expansion

Devon & Cornwall Securities has completed a £1.45m loan secured against two farms in Wales, enabling a family-run dairy business to acquire a neighbouring holding and expand its herd.

The transaction was introduced by Karen Phillips of The KD Group and structured to support the borrower’s long-term growth plans, rather than a short-term exit.

The funding allows the family to scale their existing dairy operation by bringing the adjacent farm into use, creating additional capacity and operational efficiency.

Zoë Sproull at Devon & Cornwall Securities said the lender’s hands-on approach remains central to how it assesses and delivers deals.

“We spent time on-site reviewing both farms and the borrower’s existing dairy unit. That level of understanding is key to how we lend,” she said.

“While we’re often grouped with bridging lenders, our loans are open-ended and designed to be held for as long as the borrower requires.

That flexibility is particularly important in cases like this, where the focus is on long-term growth rather than a defined exit.”

She added that the relationship between broker and lender played an important role in progressing the deal.

“We’ve worked with Karen for many years. She’s proactive and understands how to move a deal forward. Being able to sit down together with the family at the farmhouse made a real difference in getting this over the line.”

The deal highlights continued demand for flexible, property-backed funding in the agricultural sector, particularly where borrowers are looking to expand established operations rather than refinance or exit in the short term.

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