A second pub belonging to Burnley brewery Moorhouse’s has been forced to close.
The Stanley Hotel in Oxford Road, Burnley Wood, has closed with the brewery’s managing director David Grant saying the company had to “free itself of the loss-making asset”.
Mr Grant said: “Moorhouse’s very much regrets the closure of The Stanley.
“We have supported it for several years as the trading landscape for local pubs has changed beyond recognition – with more than 20 pubs closing each week – but it will now go on the market as part of our long term development strategy.
“It is always a very tough decision to close a pub but at this stage in our development we can’t be diverted from our core strategy by businesses that will do better in other hands.
“We believe the Stanley, as a community pub, is far better suited to an owner-occupier and run for locals by locals. Such an operator can best serve the needs of the community and make the pub thrive once again
“As with the General Scarlett, which we had to close earlier this year, to continue support for a loss making asset is now unsustainable for our business and we must free ourselves of such distractions, allowing us to focus on growing our core brewing business.”
Mr Grant went ont to explain that the brewery’s business model was increasingly being aimed at the international marketplace, but also supporting the local economy.
He added: “This will ensure a bright future for our new brewery, in which we made a major investment just three years ago.
“We showed a huge commitment to Burnley with that investment and doubled our workforce. We remain committed to the town and now have a responsibility to concentrate on securing our investment for years to come.”
The closure of the Stanley means that Moorhouse’s now owns three pubs – the Rising Sun at Blacko, the Craven Heifer, Rawtenstall, and the Pendle Witch at Atherton.
Mr Grant said: “We will build on these to expand with the right pubs when the opportunities arise in the marketplace.”