Tim Dewey, the chief executive of West Yorkshire brewer and pub operator Timothy Taylor has said the company has money set aside to buy more pubs.

At the end of last year the company bought its first pub for seven years – the Devonshire Hotel, Grassington, and further acquisitions are planned.

Dewey told M&C’s sister title, the Publican’s Morning Advertiser, that he feels Timothy Taylor has been too cautious about choosing sites in the past, becoming too fixated on tick lists — an attitude he is already starting to change.

He said: “We want more pubs. We’ve set aside money for the past seven years, but for a variety of reasons we haven’t purchased any. It’s so easy to look at the one thing you don’t like about a site rather than the nine things you do.

“Some of the pubs that we looked at the past and thought weren’t right, somebody bought and made a virtue of the problems. It’s like buying a house. You start out with a tick list but I’d be surprised if anyone, except Roman Abramovich, comes back with something perfect. I think we were a bit too precious and not making trade-offs.”

He also joined the list of brewers expressing concern about the long-term impact of progressive beer duty.

He said: “It was originally done to help offset a lack of economies of scale and to help encourage investment to get breweries up and running, but what has happened is that most of these breweries have used it to supplement price. The majority of craft beers are being marketed into the trade cheaper than standard beers because of the fact that duty rate is so much lower. That’s not what craft brewers should be doing. The duty break should be helping to stretch the value of the category and if anything it’s depressing it. That’s an overall challenge for the industry.”