Investec has committed to providing the funds to ensure the supply to food banks across three London boroughs for the next twelve weeks, starting from Monday 6th April.
Aiming to feed the growing number of families relying on food banks, in many cases replacing vital free school meals, Investec will be supplying around 17,500 food items every week to each of the three food banks in Hackney, Newham and Tower Hamlets.
Deborah Sayagh, Head of Strategic Client Partnerships for Investec Private Bank, commented:
“Through a relationship with Aldi, we are able to buy the supply of food for the food banks in our local community. Our ambition is that the food banks will always have more than they need over the coming three months, and we are committed to working with them as long as required.
At Investec, we believe we live in society, not off it. We are privileged to be able to help alleviate some of the extreme pressure on those who are most in need”
Melanie Rochford of the Trussell Trust Hackney food bank, said:
“In times of crisis, more people than ever need help from food banks. The Covid-19 pandemic has placed significant demand on our already overstretched resources to support individuals and families living below the poverty line. Investec’s generous commitment offers much needed stability at a very difficult time, which is allowing us to focus on offering essential support to those most vulnerable.”
Yasmine Patpatia of First Love Newham food bank, added:
“As the Covid-19 emergency develops, First Love is needed more than ever before. This has been an extremely tough time for the individuals we support. We have seen a 700% increase in cases over the last month, compared to this time last year. We have drastically transformed our entire operation to deliver an emergency model, in line with Government guidelines. Our aim is to ensure we reach the most vulnerable, deprived people within the borough and to do so as safely and quickly as possible. One of the safety measures we have implemented is delivering food door-to-door. Investec’s commitment in supplying us with food has been a vital lifeline and crucial to our delivery process, allowing us to scale our services. We are urgently in need of both food and distribution networks to ensure that the most deprived families and individuals are able to access essential supplies.”
Investec is funding the supply of essential items by Aldi to the local food banks – but the initiative involves more than money. The logistics needed to supply thousands of items a week to each borough will be covered by Investec’s funding.
Fritz Walleczek, Managing Director of Corporate Responsibility at Aldi UK and Ireland, said:
“Food banks remain an essential support for communities to ensure no-one goes hungry at this challenging time, and we’re delighted to play a part in this initiative from Investec to help provide groceries for those most in need.”
Hackney, Newham and Tower Hamlets are all London boroughs of London that Investec has been part of for many years through community outreach, and have many families in desperate need of extra help.