OneFarm, the UK based vertical farming company, has launched, through Abundance, the ethical investment crowdfunding platform, of a tradeable Debenture Offer to raise a minimum of £4.0m and up to £6.7m to fund the build of a large scale indoor vertical farm in Newmarket, Suffolk.
The regulated Debenture forms part of a funding package totaling £14.2m. The funding will enable 6,400sqm of vertical growing space to be constructed. Around 400 tons of vegetables and herbs including lettuce, spinach, rocket, basil, and coriander as well as high value and very tender micro versions of broccoli and kale, are to be grown every year.
Phase 2 of the operation will add another 6,600sqm of growing space, giving a total of 13,000sqm providing approximately 1,000 tonnes per annum of vegetables, herbs, and microgreens.
Investors will earn 9% a year before tax and capital repayments over the life of the 7-year debenture. The Debenture is open to all investors, private, corporate, or institutional. The Offer is open from 08 March 2022 to 30 April 2022. Further details about the Debenture Offer and Abundance are available at www.abundanceinvestment.com.
Commenting on the launch, OneFarm CEO, Mira Merme, said: “After 5 years of intensive Agri research, scientific investigation, and taste trials it is wonderful to finally launch our funding offer. We are very excited to embark on our mission to produce and sell to local populations a secure, affordable, nutritious, environmentally sustainable, and most of all an utterly delicious food supply that can meet all-year-round demand.”