Pubco extends rent concessions until November

Wayne Shurvinton, managing director of Belhaven Pub Partners. Picture: Greene King website

BELHAVEN Pub Partners has written to its 120 tied tenants in Scotland to inform them that it will continue to reduce rent payments until November.

The Greene King-owned pubco’s tied tenants will be eligible for a 40% rent concession for a four week period when the current reduction of 50% ends on September 12. Rental payments for tied tenants will then be reduced by 30% for a further four weeks.

Belhaven Pub Partners said the extended rent cuts will amount to £650,000 and brings the total amount of support for its Scottish estate since lockdown to an estimated £2.4m.

The company’s tied tenants will also continue to receive a £35 trade credit for every barrel of beer or cider bought from Belhaven.

Wayne Shurvinton, Belhaven Pub Partners managing director, said: “Our partners have put amazing effort into rebuilding their businesses after being closed for more than 100 days. From the outset we have always said we will provide as much support for our tenants as possible and would make decisions in a fair and transparent way using all the available information.

“I’m delighted that we now have around 95% of our pubs trading again and our partners are currently trading well, thanks to making use of outside space and good weather.

“However, we recognise that the next few months will be challenging as we head towards autumn and winter and that more support is required, particularly as once outside spaces become less usable then the number of customers will be significantly reduced to maintain social distancing.

“We will continue to stand shoulder to shoulder with our tied partners and provide them with as much assistance as we can and I’m very pleased to announce this next wave of support.”