Family-owned and operated farm has almost tripled the size of its dairy cow herd and added new facilities to its property following a six-figure funding package from HSBC UK.
TJ & MJ Lloyd and Partners, based in Wiston, Pembrokeshire, has purchased 170 dairy cows, bringing the total herd to 270. To accommodate the new cows, the farm has also used the funding to purchase a new parlour, cubicle shed, dry cow shed and calf shed.
In addition, the business has used the funding to provide employment to a third family member to support the increased operational needs on the farm.
Hannah Lawrence, farmer at TJ & MJ Lloyd and Partners, said: “Expanding our dairy facilities is a big change that’s going to increase efficiency on the farm and support a better work-life balance.
“HSBC UK has been very knowledgeable throughout the whole process, in particular, our relationship manager Sarah Raymond who was incredibly helpful. It’s plain to see how genuinely interested the bank’s team is in helping us achieve our growth ambitions.”
Phil Sargeant, area director for HSBC UK in South Wales, said: “The Lloyd and Lawrence family has a long history of farming dairy, beef and sheep and we’re pleased to lend support as they expand an area of the business where they’ve seen success.”
The farm has been owned by the family since Hannah’s great-grandparents purchased it in 1940. Three generations of the Lloyd and Lawrence family are now partners in the business, with Hannah’s grandparents John and Joyce Lloyd, parents Sandy and Diane Lawrence, and now Hannah, as well as brothers William and Alistair Lawrence, all still involved in running the farm. The farm currently supplies milk to First Milk.
Our BQ Bulletin emails will land in your inbox at 7.30am, Monday to Friday, with a mix of the latest local business news, national news, and features to inspire you. Sign up here!
Click here to read our privacy statement