Just Eat launches £1m support fund to help small businesses facing inflationary pressures
The Price Inflation Support Package is now available to Just Eat's eligible independent restaurant partners across the UK.
“Just Eat is only successful if our restaurant partners are successful,” says Andrew Kenny, UK managing director at Just Eat.
“Our restaurant partners are facing an increasingly tough economic climate - Brexit has reduced the supply of staff and delivery drivers; multiple Covid lockdowns forced the closure of dine-in businesses; and inflation has now put upward pressure on prices, as well as on customers' wallets.
“Supporting our independent restaurant partners is a key priority for us. We hope that this financial package will provide them with the support they need during what is a challenging time for them to operate.”
The £1m fund includes a consolidated package of measures offering marketing and financial support for its restaurant partners.
They include working with partner Booker to offer all Just Eat restaurant partners cashback on their supply purchases, and provision of 1,000 discounted pedal bikes to restaurants who make their own deliveries to provide a cheaper alternative to fuel deliveries.
It will also offer access to fast funding with flexible repayments via embedded finance provider YouLend, which will provide restaurants with support towards helping with cash flow or investing in growth, purchasing new equipment, recruiting more staff or leasing a new site.
“Supporting businesses through uncertain times is core to YouLend's mission,” says Jakob Pethick, chief commercial officer at YouLend.
“Flexible financing can help restaurants stabilise their cash flow, freeing up time to focus on the challenges and opportunities ahead. We are therefore pleased to partner with Just Eat to support their restaurant partners.”
Restaurants who want to learn more about how to take advantage of the Price Inflation Support Package can visit: justeat.co.uk/inflation.
