Completion of Initial £40m Investment into Morrisons Forecourts

Motor Fuel Group (MFG), the market leading independent forecourt operator with over 1,200 sites across Great Britain, is pleased to announce it has completed its initial £40m upgrade of Morrisons forecourts following the acquisition of 337 Morrisons petrol forecourts and more than 400 sites across the UK for ultra-rapid electric vehicle (EV) charging in April 2024.

Highlights:

• Initial £40m investment into Morrisons sites complete within the allotted timeframe
• 337 forecourts have been upgraded during the first phase, with re-development including:
  • Increased choice of convenience and food-to-go offerings
  • Upgrades to forecourt infrastructure to ensure it is fit for the future and up to Health & Safety regulations
• Morrisons brand has been retained at the sites, with customers able to purchase product ranges previously sold
• This is only the start of MFG’s investment in the customer experience, ahead of the full-scale redevelopment of the Morrisons portfolio, which will include valeting centres and the installation of ultra-rapid EV charging hubs

MFG has invested a significant amount into the first phase of upgrades across its Morrisons sites. The next stage will target investment into valeting services and install Ultra-Rapid EV charging infrastructure, in order to service every customer. MFG is targeting the installation of 800 Ultra-Rapid 150kW EV chargers, in hubs, within the first five years. This level of investment will position MFG as one of the largest and most significant ultra-rapid EV charge point operators in the UK, with a landbank of over 1,300 sites that will be capable of serving and powering millions of customers a week. This is in addition to MFG’s commitment to invest c.£400 million in ultra-rapid EV chargers by 2030 across its network.

Further expansion of convenience retail will continue, with MFG’s goal to become the number two convenience store operator in the UK. MFG has a strong track record of investing its profits into its business, as well as delivering returns for its investors. Since the pandemic, MFG has spent millions of pounds on its entire network of convenience retail stores, with a further £50m per year committed to improve its retail, food to go, and valeting offer to the consumer.

William Bannister, CEO, MFG, said:

“We are delighted to have completed our initial investment into the upgrading of the acquired Morrisons forecourts, both on time and with minimal disruption to our customers and local communities. Our primary goal is to ensure every customer that enters an MFG site is catered for, whether this be through retail, valeting or fuel offerings. In addition, we aim to become a hub within our communities, providing a reliable service and a wide range of retail products. We are now looking ahead to the next phase of our investment into the Morrisons forecourts, which will focus on further upgrades across the sites, as well as the implementation of our EV charging strategy.”