The Scottish & Newcastle Pub Company (S&NPC) estate is set to benefit from a £10.5m investment in 2010, writes Paul Charity. The expenditure will be underpinned by a new strategy and approach. This includes adopting a managed house mind-set for capex, providing extra support to lessees and utilising the buying power and skills of the wider Heineken group. A total of 175 projects are planned at the leased pub estate controlled by Heineken UK — 100 will enhance the pubs’ existing consumer offers and 75 will completely change them. S&N Pub Company property director Chris Moore said the programme was not driven by numbers, but by what will provide maximum value for stakeholders. Asked how the investments will be rentalised, Moore said: “We’re being realistic — there’s got to be a return for all partners.”

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