Lidl has called on the British public for support in identifying sites for new stores.
The discount retailer, which has invested £1.3 billion in its expansion in 2021 and 2022, has revealed that it is offering a finder’s fee to members of the public who successfully identify suitable sites for new Lidl stores.
The fee is either 1.5% of the total freehold purchase price or 10% of the first year’s rent for leaseholds, which would equate to £22,500 for a completed £1.5 million site purchase.
The news comes after Lidl published its annual list of locations across the country where it is interested in acquiring sites for potential store developments.
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Since the beginning of 2022, the discount retailer has opened 23 new stores, including in Warwick, Hounslow and Straiton.
In March 2022, the grocer became the 6th largest supermarket in the UK, according to data released by Kantar for the 52 weeks to 20th February 2022.
“We’re opening an average of one new store a week, which is incredible, and our teams have done a phenomenal job of keeping that pace going over the last couple of years,” Lidl GB chief development officer Richard Taylor said.
“But there are still communities up and down the country that are telling us how much they want – and need – a Lidl store.
“Our finder’s fees are, therefore, available to absolutely anyone that can identify a viable option for a new store that we’re not already aware of, and we welcome any suitable suggestions that will help up us to meet our ambitious target of 1,100 stores by the end of 2025.”
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