Lidl to invest £4bn into British food industry in 2023

By: Trademagazin editor Date: 2023. 01. 31. 09:20

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Lidl GB has unveiled plans to invest £4 billion in British food businesses in 2023, as the value supermarket cements its support for suppliers across the country.

This accelerates initial spending plans unveiled in 2019, which saw the German retailer commit to a five-year £15 billion investment in the British Food Industry from 2020 to 2025, with the figure now expected to hit £17 billion.

Since March 2020, the discounter has invested £10 billion, and in 2022 almost £500m worth of exports from British suppliers went to other Lidl markets, helping them to open up additional revenue streams and grow their businesses in a challenging macroeconomic environment.

Sourcing two-thirds of its core produce from the UK, Lidl GB works directly with over 650 suppliers across the country, giving them unrivalled access to local and international markets.

The discounter was one of the first supermarkets to sign the NFU Fruit and Veg Pledge in 2016, underlining a commitment to work in a sustainable way with all growers.

It also committed to funding and implementing 10 whole chain food waste projects by 2025, working with suppliers to find further solutions to reducing waste and creating additional value in the supply chain.

Retail Gazette