Greene King has announced an additional £6m of financial support for its tied tenants.

MD Wayne Shurvinton has written to all Greene King’s tied pub tenants to confirm a 40% rent concession will be in place for all tied pubs for a further four weeks after the current support comes to an end.

That will be followed by a 30% rent concession for the four weeks after that, taking support through until October.

Tied tenants buying barrels of beer or cider from Greene King will also continue receiving a trade credit of £35 per barrel through to 2021.

In total, Greene King’s support for its 975 tied tenants since lockdown comes to around £21m.

“Our partners have put amazing effort into rebuilding their businesses after being closed for more than 100 days,” said Shurvinton.

“I’m delighted we now have around 95% of our pubs trading again and our partners are currently trading well, thanks to making use of outside space and good weather.

“However, we recognise that the next few months will be challenging as we head towards autumn and winter and that more support is required, particularly as once outside spaces become less usable then the number of customers will be significantly reduced to maintain social distancing.

“We will continue to stand shoulder to shoulder with our tied partners and provide them with as much assistance as we can and I’m very pleased to announce this next wave of support.”