Morrisons extends immediate payments for small suppliers until end of January

Supermarket chain Morrisons has announced it will continue to make immediate payments to its smaller suppliers until the end of January in a bid to continue helping them through the ongoing coronavirus pandemic and to help provide stability now the UK is in a recession.

The supermarket implemented the immediate payment system in March to help small producers and farmers with their cashflow.

In addition, the 5% discount that Morrisons’ farmers have been receiving on their grocery shop is also being extended as a thank you or their help in feeding the nation.

David Potts, chief executive of Morrisons, said: “Suppliers and farmers have told us they face ongoing pressure and we want to be there for them during this challenging period. We highly value the continued and consistent efforts of British farmers and small suppliers and want to say thank you and extend support where we can.”

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