4 pubs a week shut their doors

4 pubs a week shut their doors



New research has found that pubs in England are closing at the highest rate in over 100 years with most being converted into residential or retail properties..

New research has found that pubs in England are closing at the highest rate in over 100 years with most being converted into residential or retail properties.

The Lost Pubs Project reported that a total of 29,270 pubs have ceased trading, and four are closing every day of the week, the highest rate since the 1904 Compensation Act when 10% of pubs were forced to shut their doors.

The news follows the recent announcement that JD Weatherspoon is planning to sell 34 pubs in England, Scotland and Wales.

Speaking about the sale, Paul Breen, Senior Director at CBRE’s Specialist Markets team, said he anticipated strong interest from existing operators and new entrants.

DFT also recently reported that Roma Finance had funded a hat-trick of pub to HMO conversions.

The Lost Pubs Project said pubs that close rarely reopen as most are now converted into residential or retail use.

Most recently, The Plunkett Foundation, a group helping set up community co-operatives, has published a questionnaire on a village pub in Sutton on the Forest that it is planning to purchase after it closed down, in order to benefit the local community.

“For most villages a pub is a vital service; it is a meeting place, communication centre and an important lynchpin of village life,” says the group.

“The presence of a pub would, we feel, greatly enhance that community spirit.”

There are currently 13 co-operative pubs in England, Scotland and Wales , where many of these have been set up with the support of the charity Plunkett Foundation.

Plunkett Foundation said: “Currently, most co-operative pubs are made up of communities that have purchased the building; however, if they feel it is appropriate, communities may choose to take on a lease initially, with a view to purchasing the property in the future.

“A co-operative pub can distribute profits to its members as a dividend, reinvest the profit back into the business or distribute it through community projects to the wider benefit of the community.”


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