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Tesco and Company Shop agreement delivers funding boost for FareShare

12 April 2016

Tuesday 12 April 2016

A commercial agreement between Tesco and Company Shop has generated nearly three quarters of a million pounds of charitable funds for FareShare, which have been donated to the charity today.

The generous donation comes as a result of a two year arrangement between Tesco and Company Shop, where surpluses from Tesco Distribution Centres were redistributed through Company Shop’s national network of stores, generating a charitable fund from a proportion of the proceeds of sale.  Tesco then nominated FareShare to be the major beneficiary of the model. The money, which has reached £732,000, will enable FareShare to provide an additional 2.9 million meals to vulnerable people across the UK.

Older homeless hostel

FareShare and Company Shop both support retailers and manufacturers to tackle food surplus in the supply chain, with dual aims of tackling food poverty and helping the environment.

Lindsay Boswell, CEO of FareShare, said: “Last year, FareShare redistributed food to nearly 2,300 charities and community groups across the UK, ranging from homeless shelters to children’s breakfast clubs and women’s refuges. Demand for our services continues to grow, so this donation from Tesco and Company Shop is incredibly welcome, as it will enable the frontline organisations we work with to provide nearly 3 million more nutritious meals, alongside life-changing support.”

Rachel Finn, Head of Community Food Projects from Tesco, said: “FareShare have been an important partner for Tesco for several years; jointly tackling food waste and supporting people in need. They deliver Tesco’s surplus food combined with the generous donations of our customers, to thousands of front end charities and community groups across the UK. We are very pleased to be making this donation jointly with Company Shop to support the humbling work that FareShare do across the UK.”

Commercial Director of Company Shop, Tom Rumboll added: “We believe that effective collaboration across the supply chain is key to ensuring we reduce the amount of food that goes to waste.  We were delighted to be able to help Tesco reduce waste, redistribute good stock at great prices to our members and generate important funds to support charities like FareShare.”