Lidl claims to have boosted the British economy by £14.5bn in 2024.
The figure is the gross value added to the economy by Lidl through its operations and supply chain, according to its first socioeconomic impact report.
The discounter published the report today to mark the opening of its 1,000th UK store, in East Grinstead.
Lidl paid over £1bn in tax while supporting about 282,000 jobs from farms to factories, according to the report.
It also invested £5.8bn in British food.
“We’re incredibly proud of the socio-economic impact that our operations bring to communities in Great Britain,” said Lidl GB CEO Ryan McDonnell.
“Given that we’re on track to open hundreds more stores across the country, we’re encouraged by the numbers reflected in this report because they demonstrate our tangible contribution to the British economy as a whole.
“Cutting the ribbon on our 1,000th store is a milestone moment for us as we celebrate not just another new Lidl, but the meaningful impact it will have. We know there are still many communities which could benefit from the Lidl Effect so we remain laser focused on delivering that through our ambitious growth plans.”
Business secretary Peter Kyle said: “It’s brilliant to see a retailer like Lidl thriving in the UK, opening new stores, supporting a quarter of a million jobs and delivering billions for our economy. This milestone shows the confidence businesses have in our plan for growth, and I’m excited to see more opportunities like this open up in communities across the country.”
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