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WRAP cash bonanza for retail heavyweights

Some of the country's biggest and wealthiest retailers are to receive cash handouts from the Waste and Resources Action Programme.

Retail giants like Argos, Tesco and the Co-operative Group as well as companies Pira International and Yorkshire Fresh Salads/Eco3 will receive grants from the £8 million Waste Minimisation Innovation Fund.

These companies will share over £490,000 to design, test and pilot new packaging ideas.

Tesco Stores senior buying manager Andy Duckworth said: "Tesco fully supports this project and its objective of reducing primary packaging weight.

"We are committed to doing this in a way that will consider total supply chain issues, take account of shelf-ready packaging requirements, deliver a reduction in costs and continues to provide our customers with a good value, clearly identifiable and convenient solution."

In September last year, Tesco reported profits for the first half of the financial year of £822 million. The company receives £1 from every £8 spent in British shops.

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