Barclays bank is doubling the cash available to farmers through loans, bringing their agricultural fund to £200m.

The bank fund is to focus on business efficiency, agri-tech and diversification, according to CEO Jes Staley who made the announcement at the Great Yorkshire Show.

“It’s at times like these that UK Agriculture needs a crucial boost from banks to weather any uncertainty.” Staley said. “We want to help farmers thrive over the short-term and also to plan for a strong future.”

The Royal Bank of Scotland has 28% of the share of farming business in the UK.

While it does not have a specific fund for agriculture, the bank said it is “one of our priority sectors”. Last year it lent £3.1bn to the agricultural sector, up 7% from the previous year.