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A new brokerage service has been launched to help farmers access funding for renewable energy projects.

ReEnergise Finance is offering packages from £75,000 to £5m for projects involving renewable technologies such as biomass, solar, wind or heat pumps, as well as traditional technologies that improve energy efficiency.

Unsecured asset finance, secured commercial loans and individual project finance is available.

“What is apparent is that different technologies require different forms of finance with different terms,” said Adam Hewson, director, ReEnergise Finance. “We believe many traditional lenders are reluctant to back projects that involve the introduction of renewable technologies such as biomass and AD…the trick is finding fit [finance] and working with a partner that will get you the right deal.”

Business insolvencies in farming and food production and retailing rose significantly in 2011 according to an Experian report. A total of 107 agriculture, forestry and fishing businesses became insolvent in 2011, a 9.2% increase on 2010.

The importance of knowing your customer becomes increasingly apparent in food manufacturing with an 18.5% increase to 109 insolvencies in this sector. Food retailing also suffered a 7.7% rise with 196 insolvencies, well above the average of 6.3% across all sectors.

The most improved industry was spirits wine and tobacco with only one insolvency throughout the industry and a 66% decrease on the previous year.