Over the next year, our Rural team will be shining a light on the future of estates: land use, heritage property, managing succession, tax, green energy, and ecological mitigation. We’ll be sharing commercial insight on a variety of sustainability and diversification opportunities.
In our first report on The Future of Estates we have looked at three of the key challenges faced by rural businesses at present. There are many challenges and opportunities, and plenty to consider with the upcoming HM Treasury consultation to environmental offsetting schemes, and investment in renewables.
The issues arising can be a challenge. Many legal needs can be met as they develop but others are harder to anticipate. We will look at what landowners, estates, farms and rural businesses need to consider to remain profitable and sustainable. We’ll focus on:
- Succession planning for farms and estates – when is it too early to start?
- Natural capital on estates
- The future of renewables on rural estates.
Read The Report
“We see many reasons for optimism for our clients and other landowners and farmers, and, more generally, for businesses in the rural sector.
"But there are still challenges to come. The weight is shifting legally towards the tenant in residential and commercial tenancies; public access is more politically charged than at any time since the 1930s; and the economic realities of the shift in the subsidy regime are only beginning to be felt.
“We’ll address these issues, while looking forward to imagine what land use, leisure and the environment may look like by the late 2030s.” – James Pavey, Partner.
