GrowUp secures £100m for new facility after being advised by Burges Salmon
The Net Zero team from independent UK law firm Burges Salmon has advised GrowUp Farms Limited on all project aspects of its new vertical farm at Discovery Park, Kent.
GrowUp Farms secured £100m from Generate Capital to fund the construction of the facility.
The Kent vertical farm is the first of a number of planned large, low-carbon indoor farms intended to service the retail and wholesale markets in the UK. Each farm is being designed to use 95% less water than conventional growing methods, with the salads grown at each farm potentially saving annually up to three million lorry miles by avoiding imports.
Due to GrowUp’s proprietary high-efficiency renewable energy system and energy contracting structure, the farms are ideally placed to deliver fresh, long-lasting salads consistently, and withstand the mounting environmental and economic pressures from inflation in transport, labour and commodity costs that have challenged the fresh produce sector.
The Burges Salmon team advising on the project was led by Director Alec Whiter and Partner Nick Churchward from the firm’s Energy Projects practice, with assistance from Helen Scott-Lawler (Partner, IP, Trademarks and Retail Contracts), Euan Bremner (Partner, Real Estate) Thomas Mark-Bell (Senior Associate, Real Estate), Lloyd James and Laura Sharples (Partner and Senior Associate, Construction), Ian Carnochan (Partner, Tax) and others.
Marcus Whately, Managing Director at GrowUp Farms, comments: “We’ve worked closely with Alec, Nick, and other members of Burges Salmon’s Net Zero team to achieve another important milestone in the GrowUp journey. The team’s energy and pragmatic advice have helped enormously and we look forward to working with them again.”
Alec Whiter adds: “It is a pleasure to have worked alongside the GrowUp team and to have advised them on this significant project. This major new vertical farm comes at an exciting time in the development of the UK’s sustainable produce sector.”