JD Wetherspoon pauses expansion plans for a year

24 June 2020 by
JD Wetherspoon pauses expansion plans for a year

JD Wetherspoon has paused expansion plans for a year after securing a £48.3m coronavirus loan ahead of reopening its pubs in England on 4 July.

The pub giant said it will not commence work on any new sites in the next year, with those projects that were being developed pre-lockdown to be completed "in due course".

Following prime minister Boris Johnson's confirmation of a 4 July opening for hospitality yesterday JD Wetherspoon confirmed its pubs would be reopening, with additional health and safety measures in place.

It said it had consulted with staff to draw up its Covid-19 operating plan. More than 36,000 staff (82% of employees) took part in the survey and 35,616 have said they intend to return to work, although just over 4,000 will not do so immediately due to their circumstances.

Almost 400 have said they do not intend to return and have resigned or plan to resign.

JD Wetherspoon raised £141m before fees from a share placing in April and has borrowed £48.3m through the Coronavirus Large Business Interruption Loan Scheme (CLBILS).

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking