For almost a decade, GrowUp Farms has been developing industry-leading technology to bring customers restaurant-quality leafy greens that stay fresher for longer whilst cutting down on food waste in the supply chain and at home.
The £100m investment in GrowUp Farms will accelerate delivery of the UK-based vertical farming operator’s energy-efficient farms, with GrowUp’s fourth farm – currently under construction in Sandwich, Kent – expected to begin delivering its first harvest to supermarket shelves in the 22/23 winter season. GrowUp’s low-carbon farms will use 95% less water than conventional growing methods with crops being grown without pesticides and powered directly by renewable energy.
“Our team has worked hard to solve the challenges that kept vertically farmed salads from being cost-competitive and sustainable,” said Marcus Whately, Managing Director of GrowUp. “We partnered with Generate Capital because of their long-term focus on both sustainability and economic efficiency, and together we can now bring this model to scale. As we expand in Kent and at other sites, we look forward to becoming a long-term supply partner across multiple categories – helping supermarkets solve environmental and supply chain problems.”
Founded in 2014, Generate Capital, a US Public Benefit Corporation, currently owns and operates more than 2000 sustainable infrastructure projects globally. “We’re thrilled to partner with the expert and innovative team at GrowUp to accelerate sustainable vertical farming infrastructure in the British market,” said Dr. Erich Becker, head of Generate Europe. “Generate is passionate about using our expertise in sustainable infrastructure to build facilities that achieve better land use, improve our resource efficiency, add supply chain resilience and mitigate climate change. Low-carbon vertical farming is a much-needed development and we are pleased to be working to accelerate it across Europe and North America.”