FareShare has launched a new fund, the FareShare Surplus with Purpose Fund, aimed at offsetting the additional costs faced by companies seeking to redistribute their edible surplus food to charities and community groups.
The £3m fund is open to new companies, as well as companies that already work with FareShare and are seeking to redistribute additional surplus food items. It can also be used to unlock harder to reach surplus food, or surplus food that’s further up the supply chain.
Companies could be eligible for up to £50,000 worth of funding. This could be used to cover the additional staff costs needed for packing and sorting edible surplus food, or in building, implementing and managing new processes. It could also cover packaging and transportation costs, or lost income from the sale of surplus to animal feed or anaerobic digestion.
FareShare is the UK’s largest food redistribution charity, taking edible surplus food from more than 500 food businesses, including major brands and retailers, and redistributing it to vulnerable people through a UK-wide network of almost 11,000 frontline charities. These include community cafes, older people’s centres, domestic violence refuges and breakfast clubs in schools. Last year the charity created over 44.5m meals for people in need, saving the voluntary sector £33.5m.
FareShare CEO Lindsay Boswell, said: “With government set to consult on mandatory food waste reporting, businesses are now facing even more scrutiny when it comes to food waste. This fund will be instrumental in making sure companies who want to do the right thing with their surplus can quickly and safely divert their surplus to frontline charities, in a way that’s cost effective.
“The FareShare Surplus with Purpose Fund enables us to step up the support we can offer the food industry, and we’re keen to hear from businesses who are looking to develop individual solutions to surplus found higher up the food chain, or to surplus that’s previously been seen as ‘harder to reach’.
“It’s a win-win for industry – tackling the issue of food waste at the same time as making a real and measurable impact in the communities they operate within – putting good food on the plates of people who need it.”