Tesco still committed to Sleaford project

Tesco, still committed to Sleaford.
Tesco, still committed to Sleaford.

Supermarket giant Tesco has reconfirmed its commitment to Sleaford following national announcements over its finances.

The chain revealed on Monday it has identified an overstatement in its expected profit for the 
half year up to August 
23 of an estimated 
£250 million.

This week, it was also revealed the firm was putting on hold plans to open a new store in Chatteris, Cambridgeshire, in November, despite it 
already being under construction.

Tesco has plans to build a new Extra store in Sleaford - a £20m investment.

The project would also see a new link road being constructed in the town to aid the redevelopment of the Bass Maltings site.

A spokesman for firm said, despite the announcements, Tesco 
was ‘still committed’ to Sleaford.

He said: “The recent announcements do not change our position in Sleaford.”