Lidl Announces €550m Investment In Irish Operations Over Next Three Years
Published on Jul 5 2021 10:19 AM in Retail tagged: Featured Post / Lidl / Taoiseach / Economic Contribution of Lidl in the Republic of Ireland
Lidl Ireland recently announced a €550 million investment in its Irish operations over the next three years, including the strategic development of 20 new stores and the redevelopment of 24 more throughout the country.
The announcement comes as Lidl unveils its Economic Contribution of Lidl in the Republic of Ireland report, commemorating 20 years of operating in the country.
Independently conducted by Oxford Economics, the report demonstrates Lidl Ireland’s major contribution to the Irish economy. Primarily focusing on the year 2019, the report outlines:
- Almost €700 million of produce and services procured from the Irish economy annually
- More than 8,500 Irish jobs supported, resulting in more than €100 million generated within the economy every year
- €692 million contributed to Irish GDP in 2019
Since first opening its doors in 2000, Lidl Ireland has become one of the largest retailers in the country, employing more than 5,000 people directly across its network of 169 stores, three regional distribution centres and Dublin head office.
The retailer has also invested heavily in its more than 260 Irish suppliers and in supporting the communities in which it serves.
Commenting on the launch of the Economic Contribution of Lidl in the Republic of Ireland report, Taoiseach Micheál Martin said, “Lidl has played an important role in Ireland’s economy and society since its arrival in 2000. Their contribution as an employer, business partner and community ally has had a significant impact across the country.
"The grocery retail sector and their employees, in particular, have gone above and beyond for your customers this past year, ensuring that the elderly and the most vulnerable in our society were looked after. As a government, we welcome Lidl’s ambition and support for continued investment and growth on the island of Ireland, as well as the support they provide to local producers and suppliers,” he added.
Investment In Irish Economy
According to the Economic Contribution of Lidl in the Republic of Ireland report, Lidl Ireland contributed €692 million to Irish GDP in 2019, and in the same year, Lidl Ireland made a total capital investment of €210 million within the Irish economy.
This €210 million is in addition to the €1.5 billion invested since Lidl first arrived on Irish shores over 20 years ago.
J.P. Scally, CEO, Lidl Ireland and Northern Ireland, said, “At Lidl, we are incredibly proud of the growth we have experienced over the past 21 years, bringing better value to consumers the length and breadth of the country.
It is not just the impact that is felt at a macro level that we value, but also that we have impact in our communities, with our colleagues and through the relationships we have with our more than 260 Irish food suppliers," he added.