Ei Publican Partnership tenants to receive rent reductions in October and November

By Nikkie Thatcher

- Last updated on GMT

Business help: the new rent reductions means the company has provided a support package worth more than £36.5m it says
Business help: the new rent reductions means the company has provided a support package worth more than £36.5m it says

Related tags: Ei publican partnerships, Tenanted + leased, Pubco + head office, Rent

Stonegate Pub Company’s leased and tenanted arm Ei Publican Partnerships has announced additional rent reductions.

In October, tenants operating substantive agreements will see rent reduced by 30%, tapering down to 20% in November.

It follows the rent and credit provisions Ei gave to licensees from April to September including those publicans who were not eligible for Government grants receiving a three-month rent credit for the period.

This has meant the company has provided an overall support package in response to the coronavirus lockdown of more than £36.5m.

Uncertain times

Ei Publican Partnerships managing director Nick Light said: “The road out of lockdown is a long one and we are standing by our publicans every step of the way to help safeguard their businesses in these uncertain times.”

In June, the company revealed plans to distribute 1m items of personal protective equipment (PPE) to its operators ahead of reopening.

The PPE packages, which cost the operator about £280,000 to distribute throughout its estate of more than 4,000 pubs, contained disposable masks, disposable gloves, hand sanitiser and rolls of black and yellow self-adhesive floor tape. 

Safety and wellbeing

At the time, Light said: “The safety and wellbeing of our publicans is most paramount. This additional £280,000 investment in PPE is just one of the many ways we are making sure our pubs can reopen from lockdown in a safe and sustainable manner whilst providing an enjoyable experience for customers.” 

This came after brewer and pub operator Greene King revealed plans​​ to spend in the region of £250,000 to send out PPE kits to its 1,000 pub partners from 29 June.

Following the acquisition of Ei Group in March this year for £1.27bn, Stonegate Pub Company is now the largest in the UK.

It has a portfolio of 1,270 venues within its managed arm and 3,000 in the tenanted and leased estate.

Related topics: Ei Group

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