Every individual pub’s situation is different but seeing any pub close is the last thing we want to see.Not only is it devastating for that individual and community but it damages Greene King as well and we will do everything we can to avoid this happening.If that pub is closed then a new tenant needs finding, which could take several months and during which time Greene King receives no income from that pub.Sadly, a pub may unavoidably close because of the current Covid-19 crisis if it has significant other debts that a tenant has been unable to meet, such as paying suppliers or utility companies, but it will not be exclusively because Greene King is demanding rent.We will take into account the full financial circumstances of each of our pubs when offering rent concessions and discussing payment plans.Greene King is the country’s leading pub retailer and brewer, running over 2,700 pubs, restaurants and hotels in towns, villages and city-centre high streets across England, Wales and Scotland. We are extremely mindful of the pressure that our leased and tenanted partners are under and are offering them as much support as we possibly can, both in terms of financial support as well as business guidance and advice, for example by paying £250,000 so that every single tenanted pub receives PPE support to assist with reopening.We will continue working with each of our partners to manage their situation appropriately and in a way that is mutually beneficial for everyone.Our model of working is based on partnership and means both parties must recognise the need for forbearance and understanding of each other’s circumstances.
What is your response to that?We are not demanding full rent from any of our tied pubs, with even tied pubs that received £25,000 from the government still getting a minimum 90% rent discount for at least six weeks from us and a further reduction of 50% for the following four weeks. The government capped the monthly furlough payments at £2,500, so we topped-up the furlough payments for those who this would affect to ensure that every furloughed Greene King employee was receiving 80% of their pay while furloughed.Our chief executive took a 50% pay cut for the duration of pub closures while the rest of our executive board took a 30% pay cut for the same period. Q.Why were you initially carrying out one-to-one conversations with pubs, why not just announce a reduction in rent for all your pubs as you did from 11 June?The support to pubs from government has not been equal.
Live video; COVID-19 tracker; Subscribe to newsletter; player . The pub, which was hosted on the GK Brewery Facebook Page, featured weekly entertainment with a pub quiz every Wednesday and Rock n Roll Bingo every Friday. Report. Submit Feedback; Help Centre; Audience Relations, CBC P.O. Join us in our discussion about the road odes, L'il Ronnie and doing live stand up. It allows rent payments and other fixed costs to be met which in turn allows landlords to continue making payments to suppliers and allows the economy as a whole to benefit.The grants covered the first 12 weeks of closure, which is why our support was on a pub-by-pub basis at that stage. Ron James Custom Homes. However, with the closure of pubs we wanted this to be put to immediate use and so donated 3,000 litres to the Leonard Cheshire disability charity.We launched our virtual pub, The Lock Inn, to help fight loneliness, encourage interaction and provide some entertainment during the lockdown. 2:01. 2:00. Ron James visited CBC Live to talk about the exciting new season of his hilarious half hour comedy. Ahead of reopening we launched For the 1,000 leased and tenanted pubs in our Greene King Pub Partners division, the closure threw hundreds of small businesses into doubt amid uncertainty over what the future held. Pubs in England with a rateable value below £51,000 have been able to receive a business support grant up to £25,000 to assist with fixed costs such as rent, while those with a rateable value above £51,000 received nothing.We put in place rent concessions on a pub-by-pub basis for the initial 12-week closure period, which we believe are fair and sustainable, based on the differing levels of government support announced – with our partners who have had no support from government so far getting higher rent concessions from us. However, while we were formulating our long-term support plans for rent concessions, there was understandable uncertainty from tenants about what the future held. Ron James Custom Homes.