Ei tied tenants to get 75% rent credit for July
The credits have also been applied to tie release fees and fixtures and fittings rent charges. Also, in a bid to help with future cashflow over the next 12 months, all rent invoices will be produced weekly instead of monthly or quarterly.
Stonegate Pub Company, which acquired Ei Publican Partnerships as part of the Ei Group deal by in March this year, said it will be using its scale as a managed house operator to offer its publicans “significant non-contractual discounts” on minerals, spirits and wines for a promotional period.
This follows the pub company’s rent credit it provided to licensees from April to June including for operators who were unable to secure a Government grant receiving a three-month rent credit for the same period.
Measured approach
Those who were entitled to grants of £10,000 or £25,000, received trade credits of either 75% or 50% to the value of three months’ rent.
The group also said a number of ancillary charges were cancelled as well as May’s planned price rise on tied products delivered to pubs.
Ei Publican Partnerships managing director Nick Light said: “We have consistently taken a measured approach to all Government advice during lockdown and implemented our support procedures accordingly.
“We will continue to work closely with our publicans, drawing on the expertise of our managed house teams to ensure they emerge from this crisis as fully prepared as possible and ready to recommence trading.”
Safeguard publicans and customers
This follows Ei Publican Partnerships revealing plans to distribute 1m items of personal protective equipment (PPE) to its licensees before reopening.
The PPE packages include hand sanitiser, disposable masks and gloves along with rolls of black and yellow self-adhesive floor tape.
There has also been the launch of Round – a contactless ordering app across the estate to help safeguard publicans and customers.
