Tesco will spend £3m on senior management training through its Tesco Academy over the next 12 months, marking what it says is the biggest investment in senior team development in the retail sector to date.

While some retailers have scaled back staff training, Tesco’s investment represents a 23% increase on training spend in 2008.

Tesco said that the ramping up of the Tesco Academy initiative, which will complement the training and development offered to staff ranging from apprenticeships through to retail foundation degrees, will support its national and global growth ambitions, properly equipping the business’s future leaders.

Tesco Academy director Peta Hay said: “We believe it is more important than ever to invest in our people as Tesco continues to expand geographically and into new business sectors. This will ensure that our leaders have the capability to deliver the stretching targets set.”