Stonegate Pub Company has announced a multi-million support package for publicans within the recently acquired Ei Publican Partnerships leased and tenanted business.
Ensuring a fair balance of support and assistance across the estate, all tied publicans operating on substantive agreements that are not in receipt of Government grants will receive a three-month rent credit for the period April to June. To further support those publicans who are entitled to grants of between £10,000 and £25,000, and to enable them to restart their business with confidence and ease cash flow, trade credits of either 75% or 50% of the value of three months’ rent will be provided.
In addition, tie release fees and fixtures and fittings rentals are cancelled for the same period regardless of a publican’s entitlement to grants. May’s planned price rise on tied products delivered to pubs has also been postponed until further notice.
This support plan follows a detailed analysis across a representative sample of pubs and consultation with publicans to establish how the company can best continue to support business partners through these unprecedented times. Working within the spirit of the requirements of the Pubs Code Adjudicator, the support is intended to provide an appropriate level of financial assistance to help Ei publicans through these turbulent times. The rateable value methodology applied in calculating Government grants was used for the basis of the analysis.
Nick Light, Managing Director of, Ei Publican Partnerships said; “Our approach is founded on being both reasonable and transparent. The support packages we are providing ensure consistency, whilst remaining objective, as well as taking into account the Government support grants of up to £25,000 which are now filtering through to businesses, which the Chancellor has stipulated are aimed at providing financial relief towards fixed costs, including rent. We are delighted to see that over 80% of our publicans who qualify for a grant have now received this payment.
“It is vital to us that our pubs and our publicans are in a position to trade successfully when pubs are allowed to re-open. The rent support and trade credit initiatives are intended to provide our publicans with a strong platform to do so, and to help relieve some of the financial pressure required to restock and restart.”
This timetable for pubs to re-open is still unclear however, and the company will be working with the trade associations for further clarity as well as campaigning for additional grant assistance from Government to support any phased opening restrictions publicans may face.
“It is crucial enough time is given to ensure supply chains are in a position to remove and replenish stock, staff are fully trained and all businesses that are permitted to open are compliant with safety requirements,” added Nick.
- Publicans in receipt of the £25,000 Government grant will receive 50% trade credit for stock purchases
- Those in receipt of £10,000 Government grant will receive 75% trade credit for stock purchases
About Stonegate Pub Company
Following the acquisition of Ei Group on 3rd March 2020 for £1.27bn, Stonegate Pub Company is the largest pub company in the UK. Its portfolio is comprised of 1270 sites within the managed division and 3457 leased and tenanted businesses.
The managed pubs division, which employs 17,000 people, is split into Branded and Traditional pubs. Branded is comprised of: Slug & Lettuce, Walkabout, Be At One and Venues. Traditional (unbranded) pubs is made up of: Proper Pubs, Town Pub & Kitchen, Classic Inns, Common Room, Craft Union and Bermondsey Pub Group.
- REBA Employee Wellbeing Awards – Best New Wellbeing Strategy (5000+ staff)
- Publican Awards – Best Pub Employer (501+ employees)
- Publican Awards – Best Community Pub Operator (Craft Union)
- BII’s National Innovation in Training Awards (NITAs): HR Manager of the Year – Lee Woolley
- CGA Insight Hero and Icon Awards (two awards): Icon Award – Ian Payne MBE, Business Leader, Simon Longbottom
- UK Hospitality’s Dusk ‘til Dawn Late Night Awards (two awards) – Icon Award (Ian Payne MBE), Best Marketing and Promotions Award
- Great British Pub Awards – Best LGBTQ+ Pub
- BII Scotland Awards – Best Operator for Training
- Retailers’ Retailer of the Year (two awards): Lifetime Achievement Award – Ian Payne MBE, Investor of the Year – TDR Capital
- Menu Innovation & Development Awards (MIDAS) (two awards): Best Menu – Premium High Street Pub: Slug & Lettuce; Best Menu – Town & City Pub: Walkabout
- Publican Awards (five awards): Best Community Pub Operator, Best Pub Employer (501+ employees), Best Managed Pub Company (51+ sites), Best Drinks Offer, Business Leader of the Year – Chief Executive, Simon Longbottom
- British Beer & Pub Association (BBPA) – Chairman’s Award
- UK Hospitality’s Dusk ‘til Dawn Late Night Awards: Best Service & Team
- Licensed Trade Charity: Outstanding Corporate Contribution Award
- Great British Pub Awards (two awards): Best LGBTQ+ and Best Sports Pub
- APPBG PUBAID Corporate Charity Fundraiser Award
- Publican Awards: Best Late Night Operator
- Great British Pub Awards (three awards): Best Pub Garden, Best Entertainment and Best Sports Pub
- Publican Awards (two awards): Best Managed Pub Company; Best Late Night Operator, plus highly commended – Best Employer 501+ employees
- Menu Innovation and Development Award (MIDAS): Premium High Street Pub – Town Pub & Kitchen
- Retailers’ Retailer Award: Investor of the Year – TDR Capital
- BII National Industry Training Awards (NITAs) (two awards): Best Managed Company for Training; Lifetime Achievement Award for Chairman, Ian Payne
- Great British Pub Awards: Best Sports Pub
- Scottish Training Federation: Best Large Employer
- HR Excellence Awards: Best Learning and Development Strategy
- HR Distinction Awards: Innovation for Digital & Social Media
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