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The Independent UK
The Independent UK
National
Anna Wise

Lidl’s £435 million ‘vote of confidence’ in UK economy

  • Lidl is investing £435 million in its UK logistics infrastructure, which is set to create over 500 new jobs.
  • This includes a £285 million redevelopment of its Belvedere warehouse in London, tripling its capacity to serve 120 stores.
  • Construction has also commenced on a new £150 million warehouse in Leeds, contributing to the creation of 400 roles there.
  • The German-owned supermarket chain is currently the UK's sixth-largest and is nearing Morrisons in market share.
  • Chancellor Rachel Reeves praised Lidl's investment as a "vote of confidence" in the UK economy.

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