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Wheatsheaf backs agriculture technology provider

Wheatsheaf, the Chester-headquartered investment arm of the Grosvenor Estate, has backed a Canadian agriculture technology provider.

The investment firm, which was set up by the Duke of Westminster’s company Grosvenor Estate in 2012 to invest into food, water and energy businesses, has entered into a strategic alliance with GrowSafe Systems. The partnership is intended to accelerate R&D and support GrowSafe’s global expansion.

Wheatsheaf has made an undisclosed equity investment into GrowSafe. Since 2012, the investment firm has built up a portfolio of 16 companies valued in excess of £100m.

GrowSafe has pioneered the use of radio-frequency identification (RFID) and sensor-based systems in livestock production. This technology is designed to help farmers improve animal feed conversion efficiency, saving money and reducing the impact on the environment. Read more