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Belhaven announces rent cut to help 120 pubs
Good news for tied pub landlords
Belhaven Pub Partners is slashing rent bills to near-zero for all its tied pubs from 11 June.
The 90% concession will remain in place for the first four weeks after pubs legally reopen, before being reduced to 50% relief for the following four weeks. The move will benefit around 120 pubs.
Managing director of Belhaven Pub Partners Wayne Shurvinton said businesses have to “stick together” to survive this difficult period.
Pubs and restaurants may open outdoor spaces from the end of June as part of a four-step plan that will allow them to reopen indoor spaces from around the middle of July, before a full reopening in early August.
Belhaven said its Partner Support Fund has so far provided about £4 million of rent concessions.