Online food ordering platform Just Eat has launched a £1 million financial support package to help its small, independent restaurant partners navigate rising inflation.
Just Eat’s Inflation Support Package includes marketing and financial support that can be used for additional advertising, to help boost orders or to provide financial support on the Just Eat platform.
Alongside this £1 million fund, the package includes:
Access to fast funding with flexible repayments, via finance provider YouLend. This 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.
Working with partner Booker to offer all Just Eat Restaurant Partners cashback on their supply purchases, for example a spend of £500 a week earns 5% cashback for restaurants. Just Eat was able to give £9.3 million cashback to restaurants last year through this partnership.
Provision of 1,000 discounted pedal bikes to restaurants who make their own deliveries to provide a cheaper alternative to fuel deliveries.
Commenting on the package, Andrew Kenny, UK managing director at Just Eat, said: “Just Eat is only successful if our restaurant partners are successful. 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.”
Just Eat’s Inflation Support Package is available now for eligible independent Restaurant Partners across the UK.