Investment and growth

investment growth

Investment and growth

What is the issue?

Keeping living standards, productivity and growth on track in the UK requires businesses to keep investing in their future.

banner image

Why is it important?

Investing in growth isn’t just important for the long-term success of our business – it’s also important for the success of the UK economy. By investing in new facilities, attracting world-class talent and boosting productivity, we believe we can make a contribution to raising living standards in the UK and making our economy more globally competitive.

 

  • Achieved
  • By 2015 - Invest £500 million to establish our next generation of world-class manufacturing facilities in the UK.
  • In progress
  • By 2017 - Ensure that all contractors working across Nestlé sites in the UK are paid the UK Living Wage.
Society

Raised living standards and improved global competitiveness for the UK economy.

Business

Securing our future as a world-class business able to attract and retain the best talent.

banner image

What are we doing about it?

To support our own growth as well as contributing to the competitiveness of the UK economy as a whole, we aim to invest in being a world-class business and employer. For us, that means investing in our own facilities, continually increasing productivity and attracting and retaining talented people.

Food and drink is a powerhouse of our economy and the country’s biggest manufacturing sector. It is only right we champion new technology, skills and improvements in the sector to make British food as productive as possible. I welcome Nestlé’s insights into how we can further boost productivity in the sector so our food and drink can rival even more countries across the world.
Rt Hon Elizabeth Truss MP, Secretary of State for Environment, Food and Rural Affairs

Business and government have a clear common interest in addressing the UK’s poor productivity performance: it is central to raising living standards and making our businesses more globally competitive.
Dame Fiona Kendrick, Chairman and CEO, Nestlé UK & Ireland

 

Investing in our future

Over the last three years we’ve been rolling-out a multi-million pound investment programme to establish our next generation of manufacturing facilities in the UK.

This includes a £325 million investment in Tutbury to create a world-class coffee centre of excellence. The Tutbury investment extended the Nescafé Dolce Gusto plant, creating 300 jobs. We will also expand Tutbury’s Nescafé factory to bring together freeze dried, spray dried and warehousing on one site, creating an additional 125 new jobs.

Other major investments include:

 

Paying the Living Wage

In the UK right now, approximately 5.2 million people currently earn less than the living wage. We believe that this needs to change: to attract world-class talent, we need to be a world-class employer.

In June 2014, Nestlé became the first manufacturer to become an accredited Living Wage employer, and we are now a Principal Partner of the Living Wage Foundation.

The accreditation covers around 8,000 employees across Nestlé UK and its sister companies, which include: Nestlé Nutrition, Nestlé Professional, Nestlé Waters and Nestlé Purina Petcare.

Nestlé has been working in partnership with its trade union partners, Unite, GMB and USDAW on the journey towards accreditation.

Staff employed directly by Nestlé UK are already paid the Living Wage. The Company is now working closely with contractors to ensure that their employees working across Nestlé sites will also be paid the UK Living Wage by December 2017.

Following a review by the Living Wage Foundation of the living wage rates in November 2015, we have committed to paying all our employees the new living wage rates (£9.40 within London and £8.25 in the rest of the UK) by 1 April 2016.

As part of the Company’s ongoing commitment to the Youth Employment Initiative, the Living Wage will also apply to the company’s graduate, internship and Fast Start school leaver programmes.

icon right  

What’s next?

In 2016 and beyond we want to use our expertise to make a contribution to boosting the UK’s productivity performance. We will share insights with government and industry in order to inform the debate around productivity and encourage others to learn from our practical experience.

We will be taking the debate to the regions of the UK, using insight from our factories to inform local thinking and practice, and to build partnerships with local stakeholders for improving productivity performance in the Midlands Engine, Northern Powerhouse and beyond.
Find out more