Every one of The Arch Company’s tenants was affected by lockdown. Across our diverse estate, businesses were impacted in many different ways. Some were allowed to continue providing ‘essential services’, others had no choice but to close. Now that lockdown has lifted, business across our estate are re-emerging into a world where they need to adjust to new ways of working, different market conditions and changed customer behaviours. Here’s how three tenants are coping.
Pollen and Grace feed NHS with help from The Arch Company's rent holiday
From actively considering closing down for three months, Pollen and Grace were able to feed staff at 30 London hospitals and GP practices with 4,500 free meals, thanks to The Arch Company's rent relief package, and a government loan.
The Arch Company to continue COVID-19 financial support
Many of our tenants’ lives and livelihoods have been severely impacted by COVID-19. As lockdown restrictions start to ease, some businesses, particularly those that are not allowed to open, will continue to require support. For the next three months, The Arch Company will build on the approach we took in the last quarter, providing financial support to independent small businesses most severely affected.