Star outlines £38m investment programme
Star Pubs & Bars has announced a £38m programme to invest in pubs across England and Wales.
Star Pubs & Bars has announced a £38m programme to invest in pubs across England and Wales by the end of 2021.
The move, which the Heineken-owned pub group says will create an estimated 500 new jobs, will see 80 pubs refurbished at a cost of between £125,000 and £400,000 per site.
Star says the investment will focus on creating premium locals in suburban and high street locations within a 10-minute walk from residential areas. The revamps will aim to make the pubs more comfortable and stylish inside, and improve beer gardens.
“Many people have rediscovered the joy of their neighbourhood pub between lockdowns over the last year, and are opting to stay local," says Lawson Mountstevens, managing director of Star Pubs & Bars. "This investment responds to that demand giving communities quality pubs on their doorsteps. We’ve spent £62m on rent cuts to keep our pubs afloat during the pandemic. The pandemic has shown the resilience of the great British pub and especially the leased and tenanted model. We’re committed to building on that support with refurbishments, so that pubs around the country thrive for the long term.”