Harvest London secures funding for its 13,000m2 vertical farm in South London

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Foresight Group, the listed sustainability-led various funding supervisor, is happy to announce it has reached an settlement with Harvest London, a UK-based managed setting agriculture firm, to help the enlargement of the vertical farming trade.

The funding will enable Harvest London to increase its present operations, enabling it to produce a spread of salads and herbs to clients in London and past. The corporate presently operates a farm in East London, which has been producing crops since 2020. Harvest London and Foresight have secured a 140,000 sq. toes (13,000m2) unit in Beddington, South London, and are growing a vertical farm for that area.

The enlargement of Harvest London’s manufacturing capability, supported by Foresight, is pushed by the growing want for locally-grown produce and robust optimistic suggestions from Harvest London’s present clients. It’ll enable the grower to increase into crucial retail markets. 

Commenting on the announcement, Matt Hammond, associate at Foresight, stated: “Foresight is delighted to be working with Harvest London, a dynamic and rising firm that can assist the very important push in direction of a greener future for meals manufacturing. This strategy to farming will play a pivotal function in shaping a extra sustainable future and assembly the nation’s meals wants. The subsequent enlargement part will positively affect job creation and stimulate the native financial system.”

Chris Davies, the founding father of Harvest London, added: “This funding is an indication that the vertical farming sector within the UK is maturing. Whilst you may not but have tasted one thing grown on a vertical farm, sooner or later, the sort of produce goes to be in your menu, whether or not that’s from a grocery store, in ready meals, or consuming out. Vertical farming is a expertise that may complement British agriculture, serving to us cut back our reliance on meals imports and provides customers more energizing, extra native substances. We wish to make the UK a world chief on this thrilling new trade.”

Supply: Vertical Farm Each day