Despite broadly welcoming the provisions set out in the Spring Budget, trade body UKHospitality has flagged that a ‘£2bn millstone’ still faces pub, bar and restaurant operators.
Pubs will not have to pay any business rates until June this year – an extension of three months, Chancellor Rishi Sunak has announced in the spring Budget.
While new research revealed that on average 30 licensed venues closed per day since December 2019, figures from FindMyPub.com found that pub applications almost doubled during 2020.
This latest pub property news round-up includes more information on BrewDog’s expansion plans and a market update from leisure property specialist Fleurets.
The latest property round-up includes new sites for Red Oak Taverns and Revived Inns, as well as updates on the City of London’s outdoor dining licence fee waiver and the lease forfeiture moratorium.
This week’s property round-up includes the completion of a seven-figure refurb at Fourpure’s brewery and 13 grassroots venues being removed from the Music Venue Trust’s ‘red list’.
Greater Manchester’s night-time economy adviser, Sacha Lord, has highlighted the potential for continued high street decline if space vacated by retail stalwarts is allowed to remain empty.
This week’s pub property news round-up includes updates from Elite Pubs, BrewDog, Oakman and Red Mist in addition to news of private equity interest in Marston’s.
JD Wetherspoon chairman Tim Martin has dismissed reports that the operator is poised to launch a pub spending spree while Red Lion Holdings has purchased a majority stake in Red Mist Leisure
Christie & Co’s annual business outlook report forecasts that the pub market’s recovery from Covid-19 in 2021 will be ‘pretty quick’ but varied as one-in-three operators plan pub sales.
