Bury St Edmunds brewery Greene King pledges to support landlords by offering 90 per cent rent concessions
Greene King Pub Partners has offered help to landlords of its 1,000-plus pubs by offering 90 per cent rent concession until the end of this lockdown.
The package is available regardless of whether the pub is offering takeaway, which is still currently allowed under guidelines.
It will bring the total financial support of the Bury St Edmunds brewery to beyond £25million since March.
The Government has also pledged £9,000 grants to individual hospitality businesses but Wayne Shurvinton, Greene King Pub Partners managing director, has called for further help.
"The great British pub has been in a fight for its survival since the first lockdown in March 2020," he said. "We have stood shoulder to shoulder with our partners since that date and we are determined to keep doing all we can to support them now."
“However, reducing rents alone will not be enough and without further government support, pubs will continue losing money every week while they remain closed.
“The latest grants are a good step in the right direction but with no date for pubs to reopen, they will soon vanish on other overheads and outstanding bills."
"This could be the cruellest blow of all to hard-working publicans."
“Pubs need guarantees of further long-term support from government, such as an extension of the current VAT cut for hospitality and a continuation of the current business rates relief.
As it stands, both of these would come to an end at around the point in the spring when it looks like pubs could finally be able to reopen. This could be the cruellest blow of all to hard-working publicans who reopen their pubs to welcome customers back in and suddenly see costs spiral.”