Heineken’s leased pub
business Star Pubs & Bars is the UK’s third largest pub business, and the
investment will upgrade approximately 500 of the company’s 2,900 pubs.
The programme will
also include 140 additional upgrade projects, which will cost an average of
£170,000 per site, and Heineken says that the programme could create
approximately 1,000 new jobs.
David Fordem, UK
managing director of Heineken said: “We are passionate supporters of the Great
British Pub and believe that well-invested pubs run by skilled and motivated
operators will continue to prosper.
“We believe that our
commitment to investment, and understanding of consumer trends, will help our
licensees’ businesses to keep growing and ensure that the Great British Pub
remains at the heart of British life for generations to come.”
The UK’ government’s
secretary of state for business, Greg Clark MP added: “From pop-up breweries to
historic watering holes, pubs are at the heart of communities and play a vital
role in local economies.
investment by Heineken and their creation of 1,000 new British jobs is another
significant vote of confidence in the UK economy.”
significantly expanded its network of pubs in the UK in December 2016, when the company acquired 1,900
pubs from Punch Taverns in a £305 million deal.