Stonegate reveals Ei publican trade credits
Stonegate Group has detailed its support for Ei Publican Partnership publicans with rent and trade credits.
Stonegate Group has detailed its support for Ei Publican Partnership publicans with rent and trade credits throughout April, May and June.
Tied publicans operating substantive agreements in England will receive rent and trade credits throughout April, May and June, maintaining rent credits of up to 90% prior to outdoor areas opening on the 12 April.
Following this date, Stonegate will be providing publicans with trade credits equivalent to 100% of the value of the rent until 17 May, when pubs can open indoors. This will enable pubs to restock their cellars and follows the approach that was successfully deployed after the first lockdown in July 2020.
Trade credits will then continue at 75% of the value of the rent until 20 June. In addition, publicans will be offered promotional pricing on wines, spirits and minerals.
For its publicans in Wales, existing rent credits of up to 90% are currently being maintained pending confirmation from the Welsh government on the reopening timetable.
"We are proud of the continuous financial support we have provided to our publicans throughout the pandemic and believe that these substantial trade credits, worth up to 100% of rent, will greatly help our publicans to successfully reopen their pubs," says Nick Light, managing director, leased and tenanted, for Stonegate Group. "We are also providing a raft of re-opening advice, business-building tips and undertaking investment in outdoor areas so that our publicans can open safely and attract old and new customers alike who we know are keen to return to the great British pub."