A BURTON-based pub firm has been recognised for its innovative business approach at this year’s National Business Awards.
Punch Taverns, based in Centrum 100, won the Business Enabler of the Year Award for its Punch Foundation Tenancy (PFT) lease agreement, a.
Judge Charles Ward, Former COO of Intellect UK, praised the pub company for its PFT model, said: “The traditional pub trade is suffering from a similar malaise to high street retail.
“Failure rates are alarming so the Punch Franchise Tenancy model is a true innovation in supporting pub entrepreneurs to buck the trend through up-skilling managers and encouraging differentiation.”
Andy Slee, external affairs director, said: “We are delighted to win this year’s Business Enabler award.
“This is hugely important for us to be recognised for all of our support we give our licensees and those entering into this challenging industry.
“This year, we have introduced a number of initiatives, such as the Punch Foundation Tenancy, to get our licensees off to the best start.
“The Punch Foundation Tenancy Agreement has fundamentally changed the way we work with our licensees.”