-Morrisons extends its commitment to pay farmers, local foodmakers and small businesses immediately-

-Discount on groceries for Morrisons’ farmers will also be extended- 

-The move is a thank you to foodmakers and farmers for feeding the nation during the pandemic-

Morrisons will continue to make immediate payments to its smaller suppliers until the end of January to continue to help them through the ongoing coronavirus pandemic and to help provide stability now the UK is in a recession.

Morrisons has been making these immediate payments to help small foodmakers and farmers with their cashflow since March. 

The payments also help further highlight the supermarket’s support for British farmers in the week British Food Fortnight comes to a close.

A 5% discount that Morrisons’ farmers receive on their grocery shop is also being extended to thank them as they continue to help feed the nation.

David Potts, Chief Executive of Morrisons, said: “Suppliers and farmers have told us they face ongoing pressure and we want to be there for them during this challenging period. We highly value the continued and consistent efforts of British farmers and small suppliers and want to say thank you and extend support where we can.”

Ends

Notes:

• The extension of immediate payments by Morrisons will help businesses that provide up to £1m of turnover, including suppliers of local food and farmers that deal directly with Morrisons, such as those providing eggs and livestock. 
• Morrisons has around 3,000 small suppliers including 2,750 farmers that will benefit
• Morrisons’s suppliers can receive further information on its helpdesk number 0800 015 2600
• To benefit a supplier must:
  • be a goods for resale supplier;
  • have a turnover with Morrisons on goods for resale during Morrisons last financial year, of £1 million or less excluding VAT
• Morrisons will start to process payments immediately with the aim of releasing payment to the banks within 48 hours