SIBA response to statutory code
The Society of Independent Brewers’ chief executive Julian Grocock said, “On first reading, the Government’s proposals for a new statutory code governing pub companies’ relationship with their tenants appear commendable. This is a measured, pragmatic response that shows they have listened to the many voices across the industry and taken a balanced view.
“The code sets out a sensible structure to put an end to unfair treatment of tenants, without tearing up the pub tie in the process. The tie has proven to be an effective business model for centuries and the Government has, we believe, acted wisely by not throwing the baby out with the bathwater.
“We hope that the Government’s decision will restore stability to the pub industry and encourage more investment, after many years of uncertainty. It should lead to a more confident pub sector, which is good news for the 800 or so SIBA brewers who are reliant on busy, thriving pubs to sell their beers.”