²ÝÁñÉçÇø

Early payments for Morrisons suppliers to help offset coronavirus impact

²ÝÁñÉçÇø, local foodmakers and other small businesses will receive early payments from the supermarket to help mitigate the potential impact of coronavirus.

Hannah Binns
News Reporter
clock • 1 min read
Early payments for Morrisons suppliers to help offset coronavirus impact

²ÝÁñÉçÇø, local foodmakers and other small businesses will receive early payments from the supermarket to help mitigate the potential impact of coronavirus.

The faster payments will support the company's 1,750 farmer suppliers in dealing with cash flow problems caused by the coronavirus, such as manufacturing disruptions and staff shortages as a result of sickness.

Morrisons have also reclassified smaller 'goods for resale' suppliers as those with a Morrisons turnover of £1 million or less per annum, meaning an extra 1,000 small food businesses will qualify for the new immediate payment.

Chief executive of Morrisons, David Potts, said: "We are Britain's biggest single foodmaker and we want to be there for the smaller foodmakers, farmers and businesses that supply Morrisons.

"We're a British family business and we will be doing our best to support them through this challenging period."

Environment Secretary, George Eustice, welcomed the measures to support farmers and food producers in their ‘vital work of feeding the nation.'

He said: "We already have a highly-resilient food supply chain in this country and I am continuing to work closely with Morrisons and other retailers on their response to coronavirus.

"The Government has pledged £30 billion in this year's Budget for those affected and we have been clear that we will do whatever it takes to support people and businesses."

Morrisons will write to suppliers to inform them of the changes and plan to start processing payments this week.

Payments are expected to last until the end of May before the situation is reviewed.

TFM Engineering - ATV Trailers & Livestock

£±Ê°¿´¡

NEW SWALEDALE ROTA-SNACK 300 FEEDER

£±Ê°¿´¡

2025 UFORCE10 PRO

£±Ê°¿´¡

More on Arable

Don't overlook the benefits of growing beans

Don't overlook the benefits of growing beans

If beans are treated with the same care as other crops the gains from including them in the rotation can be considerable, believes agronomist Todd Jex

clock 08 January 2025 • 3 min read
²ÝÁñÉçÇø sought for agricultural trial groups

²ÝÁñÉçÇø sought for agricultural trial groups

Opportunity for growers to contribute to valuable research bodies

clock 07 January 2025 • 1 min read
Technology insights: What is next for arable farmers?

Technology insights: What is next for arable farmers?

Artificial intelligence (AI) and robotics are already widely used in farming for everything from localised weather forecasting to crop harvesting, but what role could they play next?

clock 01 January 2025 • 6 min read