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Gloucestershire Business News

Lidl to invest billions into British farming

Lidl GB has committed to investing billions into British food businesses this year.

The discount supermarket, which has stores across Gloucestershire, has unveiled plans to invest £4 billion in British food suppliers in 2023, as it continues to support businesses across the country.

In 2019, the German retailer pledged a £15 billion investment in the British food industry from 2020 to 2025. With this new announcement, that figure is now expected to reach £17 billion, as reported by Retail Gazette.

Lidl GB sources two-thirds of its core produce from the UK and works directly with over 650 suppliers from across the country.

In 2022, almost £500m worth of exports from British suppliers went to Lidl supermarkets in other countries, helping suppliers to open up additional revenue streams and grow their businesses in a challenging retail environment.

Lidl GB suppliers send over £50m worth of British cheese to Lidl stores across Europe. Somerset-based cheese producer, Wyke Farms, has worked with Lidl since 1994 and currently has a contract with Lidl GB until 2028, worth £35m a year.

Wyke now exports to 16 other Lidl markets, with shoppers in Poland being the biggest fans of Somerset cheddar outside the UK.

Lidl and Wyke launched the first supermarket carbon-neutral cheddar. The two businesses are now working together to pioneer a closed-loop system, which will ensure complete carbon neutrality throughout the supply chain by 2030.

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