Britain’s Tesco invests in venture fund to spur food innovation

A sign for the Tesco branch in London, Britain, December 30, 2025. REUTERS

LONDON, Sept 24 (Reuters) – Tesco, Britain’s biggest food retailer, has committed £20 million ($26.5 million) to ​a venture capital fund launched ‌by Leon Restaurants co-founder Henry Dimbleby to help drive innovation across the UK ​food sector, it said on ​Thursday.

• The Bramble Fund I, established by ⁠Dimbleby, who also authored the UK ​government-commissioned National Food Strategy, is targeting £100 ​million of capital.
• The fund’s first close has also attracted backing from business leaders including ​former Schroders CEO Peter Harrison and ​Adam Wells, co-founder of ingredients business Belazu.
• It will ‌invest ⁠in companies developing products and technologies aimed at making food healthier, more sustainable and more affordable.
• Under a ​Tesco-Bramble partnership, ​promising businesses ⁠will be able to test their products and services ​across Tesco’s supply chain, with ​support ⁠to scale the most successful ventures.
• Bramble’s first investment is KluraLabs, a British ⁠technology ​company whose packaging ​helps keep food fresh for longer.

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Reporting by ​James Davey; Editing by Andrew Cawthorne