Impact Food Group - Bridges Fund Management

    

    































 






    
	            
			    
    



		
		    

    
    
    





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Impact Food Group

A new platform in educational catering providing high-quality nutritious school meals to primary and secondary school children

Investment Strategy

Growth Business

Theme

Healthier Lives

Date of initial investment

January 2018

Bridges Executives

Emma Thorne
Tom Redpath
Oliver Wyncoll

Thesis

One in every three 11-year-olds is now overweight or obese, and a study by the University of Leeds has found that the proportion of primary school packed lunches which meet the nutritional standards for school meals is only 1.6%. Schools, and the school catering sector, can play an important role in both promoting healthy eating habits to children and providing the nutrition that they need to concentrate in the classroom. If pupils have access to affordable, high quality and nutritious menus in schools, they will experience a positive food culture, fostering better long-term eating habits during their time in education and into adult life.

Investment

Impact Food Group (IFG) is a business which wants to change the eating habits of a generation by providing delicious, nutritionally-balanced food. Bridges created IFG by bringing together Innovate and Cucina, two of the leading operators in the sector, working with both management teams on a closely aligned commercial and impact vision.

IFG’s mission of “Feed more children, better food” is in lockstep with its commercial success: if students choose the school’s canteen instead of unhealthy packed lunches or fast food, then stakeholder engagement, daily demand, turnover and contribution all increase.

Outcomes

Collectively, IFG now works with 274 schools (with a >90% retention rate), serving high quality meals to over 225,000 children at primary and secondary schools across England. It works to combat negative childhood eating habits and promote better long-term eating habits. It is continually creating improved products, with lower salt, fat, sugar and calories.

IFG’s partnership with OLIO, a food sharing app combating food waste, continues to strengthen, with six IFG schools saving 2,432 portions of food in just one month in 2020. It also views its supply chain through a sustainable lens: minimising packaging; advocating for recyclable/compostable packaging where possible; and focusing on sustainably sourced ingredients.

impactfood.co.uk