Property law

Community spirit: The Plunkett Foundation revealed that £4m was raised in community shares to save local pubs during 2020

13 community-owned pubs opened in 2020

By Stuart Stone

A new report from community business charity The Plunkett Foundation has uncovered increased demand for support to help communities regain control of essential local services over the past year.

Future plan: the business rates holiday has been extended until June when it will be tapered (image: Getty/Zerbor)

Spring Budget 2021

Business rates holiday will now end in June

By Nikkie Thatcher

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.

Property moves: which sites have been reopened, revamped or changed hands in the past week?

Property round-up

Red Oak Taverns hits 190 sites, Revived Inns adds Sussex site

By Stuart Stone

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.

Estimated cost: real estate adviser Altus Group worked out the business rates holiday for this financial year amounted to more than £10bn

Treasury signals rates relief

By Nikkie Thatcher

Councils have been urged not to issue business rates bills ahead of the new financial year on 1 April, until after the Budget on 3 March.

Vanishing act: more than 400 pubs 'disappeared' from communities in 2020

37 pubs a month ‘vanished’ in 2020

By Nikkie Thatcher

Some 446 pubs ‘vanished’ from communities in England and Wales last year, equating to an average of 37 a month, new figures show.

What were the biggest pub property stories of 2020?

Property round-up

2020’s biggest pub property stories

By Stuart Stone

In the final pub property round-up of 2020 The Morning Advertiser (MA) looks back on 20 of the biggest deals, revamps and reopenings covered in the past 12 months.

Number increase: 2,500 pubs closing is more than double the number of venues shutting their doors than in previous years

Estimated 2,500 pubs lost in 2020

By Nikkie Thatcher

More than 2,000 pubs have been lost this year, over double the number in previous years, it has been estimated.

On the up: vaccine sees pub shares rocket

Breaking

Covid vaccine sees pubco shares rise

By Nicholas Robinson

Major pubco share prices rocketed today following the announcement of a coronavirus vaccine by pharmaceutical companies Pfizer and BioNTech.

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