Leading independent forecourt operator, Motor Fuel Group (MFG), has completed its initial £40m upgrade of Morrisons forecourts, including over 50 sites in Scotland.
The investment follows the acquisition of 337 Morrisons petrol forecourts, including outlets in and around Aberdeenshire, Inverness, Ross and Cromarty, Fort William, Ayrshire, Lanarkshire, Dumfries, Edinburgh and Glasgow, as well as more than 400 sites across the UK for ultra-rapid electric vehicle (EV) charging in April 2024.
The next stage of MFG’s plans will target investment into valeting services and the installation of Ultra-Rapid EV charging infrastructure. 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.£400m 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.”
