Greene King Pub Partners has written to all its leased and tenanted partners confirming the additional support it will provide them as pubs look to adapt to reopening post lockdown.
Since pubs closed for the Covid-19 lockdown, Greene King has provided approximately £11m in rent concessions as well as investing around £4m in support for its partners.
The latest update to its 1,000 partners confirmed that every pub would receive a £250 Personal Protective Equipment (PPE) kit for reopening, including face masks, visors, gloves, and hand sanitiser gel. Each pub has also been offered £120 of Covid-19 signs for pub gardens and interiors, plus free online training courses covering Covid-19 topics such as service after lockdown and personal protection.
Greene King Pub Partners managing director Wayne Shurvinton said: “We wanted to make this additional £250,000 PPE investment as it’s the right thing to do for our partners, to give them the best platform possible to recover their business during this hugely challenging time for us all.
“We know there is no better investment we can make right now than backing our partners to succeed and this has been at the forefront of our minds throughout.
“I’m pleased that we can offer this next step of support for reopening, backing up our 90% rent discount for the first four weeks of reopening and 50% for the following four weeks, as well as discounts on casks and kegs as well.”
To date, Greene King Pub Partners has offered the following financial support for its tenants:
- An estimated £11m of rent concessions, with support offered to pubs in the most urgent need of financial help for the first 12 weeks’ closure up until 10 June, for example if they were not eligible for government grants, followed by a 90% rent concession for all tied pubs from 11 June until they can legally reopen, continuing for the first four weeks of reopening. This is then followed by a further 50% rent concession for the next four weeks after reopening.
- Estimated £3.6m of product support, which includes the replacement of kegs and casks for unopened barrels that will be out of date when pubs reopen and discounts for tied tenants on kegs/casks purchased for the first eight weeks of reopening.
- £250,000 on PPE starter kits for all tenanted pubs
- £120,000 on Covid-19 safety signage for pubs
The PPE kits will be posted to pubs from 29 June ahead of reopening, with the earliest pubs can legally reopen currently scheduled for 4 July by the government.
- On 17 March rent was deferred entirely for all leased and tenanted partners while pubs are closed.
- On 25 March, it was confirmed Greene King would replace for free with fresh stock all the unopened kegs and casks that would be out of date and unsaleable in our partners’ pubs when they could reopen.
- On 1 April Greene King Pub Partners teamed up with StarStock to support their My Pub Shop initiative – a not-for-profit click & collect platform which enables pubs, local shops and stores to sell essential food and drink to their local community. This was promoted to all leased and tenanted partners as an option for those who wanted to support their communities by opening their pubs as a community shop during the closure period.
- On 17 April Greene King launched a Partner Support Fund, which saw Business Development Managers unfurloughed to carry out one-to-one discussions with every single tied partner to establish what rent concessions could be offered for the first 12 weeks of pub closures.
- On 27 April, Greene King Pub Partners confirmed that it would pay for every single one of its tied pubs to be members of the BII (British Institute of Innkeeping), an independent body that provides expert advice on everything from legal and licensing issues to tax queries. Membership usually costs £155 per pub per year. This covers the next two years and will be reviewed on an annual basis.
- On 21 May the next wave of financial support was announced for tied partners. From 11 June onwards all tied pub partners receive a 90% rent concession which runs until 4 July (the current date government has said pubs could reopen) or until they are legally able to reopen. The 90% rent concession then continues for the first four weeks of opening and then for the following four weeks there is a 50% rent concession. There will also be eight weeks of trade support for partners with a discount on buying draught beer or cider from Greene King after they reopen.