Greene King Pub Partners has increased the rent concessions for its tied pub tenants to at least 40% until Christmas.

Until the end of December, its 975 tied tenants will be granted at least a 40% rent reduction, with pubs that are forced to close in local lockdowns receiving a 90% rent discount for at least four weeks.

The move brings its total estimated financial support for its tied tenants to more than £25m since March.

Backdated to 27 September, the support will be tiered at rent credit of 50% for the first month, decreasing to 45% and then 40% on a monthly basis.

The existing discount on barrels purchased from Greene King will now run until 27 March 2021, with tied tenants receiving a trade credit of £35 per barrel.

Its 90% rent support for pubs under lockdown will be implemented in the whole of Scotland this week, with all tied tenants – including those outside of the central belt - receiving the concession for the 16-day period.

“We are doing all we can to support our leased and tenanted partners at this extremely worrying time for them,” said MD Wayne Shurvinton. “Even pubs in areas with lesser restrictions are seeing their trade greatly impacted by the 10pm curfew and the worry is that this will only worsen throughout the winter.

“The new measures announced in Scotland, which effectively close down pubs, is devastating for us and our tenants. Those in England now also have the prospect of further shutdowns in the weeks ahead.

“This additional rent support for our tenants shows our commitment to supporting UK pubs as we all try to weather this storm together. We understand that firm and decisive action is needed to tackle the threat of Covid-19, however to impose additional restrictions on an entire industry without adequate financial support from the government puts hundreds of businesses in a precarious position and leaves thousands of livelihoods at risk.”