Lidl to invest an extra £4bn in British food
Lidl has unveiled plans to invest £4 billion in British food businesses in 2023 in a move it said cements its support for suppliers across the country.
The latest move accelerates initial spending plans announced in 2019, which saw Lidl commit to a five-year £15 billion investment in the British food industry from 2020-25. That figure is now expected to hit £17bn.
The discounter said that since March 2020, it has invested £10bn, 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.
Lidl pointed out that it is a champion of British farming and noted that it sources two-thirds of its core produce from the UK, working with over 650 suppilers and giving them access to local and international markets.
Eurofruit is a leading magazine for buyers and suppliers of fresh produce in Europe and the Middle East. Its global network of editors, reporters, and correspondents, publishing ten issues per year and daily online news, provides international fruit and vegetable trade with the latest information and analysis, covering innovations in all areas of the industry.