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Electronic music contributed an estimated £2.4 billion (€2.9bn) to the UK economy in 2024, according to a new study.
Presented by the Night Time Industries Association (NTIA) in collaboration with Audience Strategies, with support from Amazon Music, the third edition of the UK Electronic Music Industry Report breaks down the genre’s contribution across recorded music, publishing and live.
It revealed that 310 UK festivals in 2024 featured electronic music (up from 294 in 2023), drawing over a million attendees – a 14% increase – pushing festival revenues up to £646.2 million.
However, the total economic contribution from nightclubs was down 16% from £1.46bn in 2023 to £1.23bn last year, with the number of nightclubs falling from 875 to 851 in the same period.
The findings have prompted the NTIA to call for greater government recognition of the sector.
“For too long, the electronic music industry has been overlooked when it comes to policy and support”
“Electronic music is one of the UK’s most significant cultural exports, contributing an estimated £2.4 billion to the economy in 2024 alone. Yet, despite its undeniable influence and growth, it remains hidden and marginalised by the Department for Culture, Media and Sport,” says the organisation’s CEO Michael Kill. “This report reinforces the importance of electronic music having a seat at the table – DCMS must recognise this sector as a truly valuable commodity, not an afterthought.
“From the rise in UK festivals embracing electronic music – 310 in 2024, drawing over a million attendees—to its growing global influence, this genre continues to shape contemporary culture. 80% of the world’s top 30 artists have been significantly shaped by electronic music. The numbers speak for themselves: this is not just a niche genre, but a driving force in the creative economy.”
Additionally, electronic music exports grew to £81.3m and eight UK DJs secured spots in the 2024 DJ Mag Top 100.
“For too long, the electronic music industry has been overlooked when it comes to policy and support,” continues Kill. “It is time for the government to engage meaningfully, acknowledging its vast economic and cultural impact. This is not just about music – it is about jobs, communities, and the UK’s standing on the global stage.”
In response to the report, Dame Caroline Dinenage, chair of the DCMS select committee, trumpets electronic music as “a vital part of the UK’s rich cultural tapestry”.
“It has grown from grassroots communities into a world-renowned industry, generating significant economic and cultural exports,” she says. “Protecting and nurturing grassroots electronic music is essential – not only for supporting emerging talent but also for safeguarding this vibrant and influential part of our cultural heritage. It is a cornerstone of our creative identity and must be valued as a key contributor to the UK’s soft power and global reputation.”
“By working collaboratively with key stakeholders, we can tackle the issues affecting late-night businesses”
Meanwhile, Kill has been named as a member of London’s new independent nightlife taskforce by mayor Sadiq Khan.
Chaired by Cameron Leslie, co-founder and director of Fabric, the taskforce also comprises Pxssy Palace founder Nadine Noor, Colour Factory founder Nathanael Williams, Broadwick Live head of operations Sam Spencer and Alice Hoffmann-Fuller, consultant and formerly of Corsica Studios, plus UK Hospitality CEO Kate Nicholls and Sophie Brownlee, external affairs manager at Music Venue Trust.
Over six months, it will assess the challenges and opportunities facing the capital’s nightlife and provide recommendations on how to ensure the capital’s night-time economy can thrive.
“The creation of this taskforce demonstrates a strong commitment to supporting and revitalising the capital’s night-time economy,” says Kill. “By working collaboratively with key stakeholders, we can tackle the issues affecting late-night businesses and implement strategies to ensure a thriving, sustainable future for London’s nightlife.”
“I look forward to playing an active role in these discussions, representing our industry, and working towards practical solutions that will help safeguard and grow this vital part of our culture and economy.”
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Forum Birmingham has unveiled a special programme of events as it marks its 60th anniversary.
The 3,500-cap UK venue has had various guises since the 1960s such as The Ballroom, the Top Rank Suite, Hummingbird and Carling/O2 Academy, hosting legendary acts like The Clash, The Beastie Boys, Bob Marley & The Wailers, Nirvana, Amy Winehouse and Ed Sheeran.
Having lain dormant for over a decade, it was extensively renovated ahead of its 2021 rebirth as the Forum under owner Global Venues, including the addition of a 350-cap standalone club Space 54.
Night Time Industries Association (NTIA) CEO Michael Kill says the success of the venue is reason for celebration, particularly during such a tough time.
“To celebrate its 60-year anniversary with this series of events is very special”
“We’re witnessing the systematic dismantling of the UK night-time economy so the success of Forum Birmingham should be celebrated as they approach their 60-year milestone,” says Kill, who is also VP of the International Nightlife Association (INA).
“Our industry is not just about entertainment; it’s about identity, community, and the economy so we must support the intrepid operators who keep these amazing venues open for future generations.”
More than 20 parties will take place across 16 weeks from January 2025, with nights hosted by The Hacienda, HE.SHE.THEY, DNB Allstars, LWE, Live Nation and Sonny Fodera, among others.
“I’m extremely passionate about preserving Birmingham’s rich musical heritage and our work culminates with Forum Birmingham,” says Billy Chauhan of Global Venues. “It was my old stomping ground and helped shape my musical journey so to celebrate its 60-year anniversary with this series of events is very special.”
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Measures announced as part of the first Budget under the UK’s new Labour government have put more than 350 grassroots venues (GMVs) at risk of immediate closure, according to the Music Venue Trust (MVT).
Chancellor Rachel Reeves delivered her Autumn Budget in the House of Commons today (30 October) – almost four months on from Labour’s landslide general election victory.
Reeves announced £40 billion (€48bn) of tax rises, with business rates relief set to be cut from 75% to 40% from 1 April next year ahead of a planned overhaul of the system in 2026.
MVT CEO Mark Davyd has shared his disappointment the move, which he says was made in spite of extensive briefings about the negative knock-on effects on the scene, pointing out that 43% of GMVs in the UK made a loss last year.
“The immediate impact is to create a demand for £7 million in additional premises taxes from a sector that, in 2023, returned an entire gross profit across all 830 such venues in the UK of just £2.9 million,” says Davyd. “Over 350 grassroots music venues are now placed at immediate risk of closure, representing the potential loss of more than 12,000 jobs, over £250 million in economic activity and the loss of over 75,000 live music events.”
“Changes in April 2026… will be of no use for the hundreds of music venues that are now likely to be lost before this challenge is finally met”
He continues: “Simultaneously with announcing this new tax demand, the government acknowledged the faults and inequities inherent in the business rate system, promising to deliver a new lower rate of taxes on physical, hospitality and leisure premises in April 2026.
“The challenges around business rates and grassroots music venues have been known and accepted for over a decade. Changes in April 2026 are to be welcomed, but will be of no use for the hundreds of music venues that are now likely to be lost before this challenge is finally met with a full, long overdue reform.”
Davyd puts forward three possible solutions, starting off by urging the government to have a rethink and restore the 75% rate relief for GMVs. Alternatively, he argues it could create an emergency fund of up to £7m (€8.4m) that the most under-threat venues could access to meet the new tax demand.
Lastly, his third suggestion is that every GMV in the country install a temporary business rate levy of 50p (€0.60) applied to every ticket sold and used directly to meet the £7m demand until the new business rate system is installed.
“Unless the government is willing to think again, it unfortunately may be the only possible option to stop a complete collapse of live music in our communities,” he adds.
“The decision to reduce this relief will increase costs on grassroots music venues already struggling to keep their doors open”
LIVE CEO Jon Collins was less critical of Reeves’ announcement, saying the trade body recognised the chancellor had “tough choices” to make.
“We welcome the retention of business rates relief but the decision to reduce this relief will increase costs on grassroots music venues already struggling to keep their doors open,” he adds. “The live music sector is a key contributor to economic growth, generating over £6 billion in 2023, and creating positive social, cultural, and economic impact across every city, town and village in the UK. It is critical that the next Budget focuses on growth and enables sectors like live music to achieve their full potential.”
While the chancellor extended business rates relief for night-time economy businesses by an additional two years at a reduced 40%, halving the relief, the Night-Time Industries Association (NTIA) says the benefit is negated by a series of tax hikes that threaten the sector’s financial stability.
“We are in one of the toughest trading environments the UK has seen in decades for our sector, fraught with a legacy of challenges from previous crises,” says NTIA CEO Michael Kill. “While the chancellor has listened to our plight, the extended business rates relief is a minor concession amongst the array of tax increases and fiscal shifts, which will take some time to evaluate and consider regarding sector impacts. However, in simple terms, it is still double the contribution of the current business rates.
“This relief will be immediately undercut by increased NIC Employer contributions and thresholds with increased individual employer contributions to businesses, net increase in alcohol duty and overarching workforce increases, although rightly intended to support the workforce, will have severe repercussions for already struggling businesses across the sector. This shows an acknowledgement of core businesses within nightlife but lacks consideration for the broader industry outside of bricks and mortar businesses and the vital and diverse role our night-time economy plays within our communities and the UK’s culture and economy.”
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Live music business organisations in the UK have delivered their verdicts on the King’s Speech.
Addressing the Houses of Parliament, King Charles outlined the new Labour government’s legislative priorities in the wake of their landslide general election victory.
Perhaps most pertinent to the live industry is Sir Keir Starmer’s party’s commitment to anti-terror measures for venues, dubbed ‘Martyn’s Law‘ in tribute to Martyn Hett, who was killed alongside 21 others in the bombing at Manchester Arena on 22 May 2017.
The Terrorism (Protection of Premises) Bill – also known as Protect Duty – will require venues to take steps to improve public safety, with measures dependent on the size of the venue and the activity taking place. Penalties for non-compliance would range from fines to permanent closure and criminal sanctions.
“Measures will be introduced to improve the safety and security of public venues and help keep the British public safe from terrorism,” said the King.
“The previous draft would have failed to deliver these objectives while placing disproportionate burdens on venues and festivals”
The Night Time Industries Association (NTIA) says the move “represents a major leap forward in public safety”.
“It is crucial that this law harmonises with existing legislation, supports and improves current operational practices, and remains cost-effective in today’s economic environment,” says CEO Michael Kill.
Elsewhere, Jon Collins, CEO of LIVE, says the trade body is looking forward “to working collaboratively with Labour in government to unleash the potential of our sector”, but reiterates its plea for the anti-terror measures to be revised.
“We recognise government endeavours to improve the safety and security of public venues and keep the British public safe through the Terrorism (Protection of Premises) Bill,” says Collins. “We fully support the objectives of this Bill, but the previous draft would have failed to deliver these objectives while placing disproportionate burdens on venues and festivals, so an urgent review of the government’s approach is needed.”
Previously, the Home Affairs Committee warned the measures would “place a significant and disproportionate burden on smaller venues” in its current form, while “failing to ensure adequate safety measures at all public events at risk of terror attacks”.
“We remain committed to working with government to ensure any new requirements are workable and, crucially, build on existing steps taken by industry to deliver greater reassurance and safety for concertgoers,” continues Collins.
“The government’s plans to reset relations with the EU can enable UK artists to tour more easily, and we urge quick action on this”
Other pledges relevant to the live biz include an effort to “reset the relationship with European partners and work to improve the United Kingdom’s trade and investment relationship with the European Union”.
“The government’s plans to reset relations with the EU can enable UK artists to tour more easily, and we urge quick action on this,” says Collins, who also supports plans for the formation of a new body called Skills England, as well as legislation giving new powers to metro mayors and combined authorities.
“We welcome the creation of Skills England and plans to reform the apprenticeship levy which align with our Live Music Manifesto proposals,” adds Collins. “The English Devolution Bill will be a positive step in awarding metro mayors with greater powers to drive local economic growth.”
While no mention was made in the King’s Speech of Labour’s pledge to introduce new consumer protections on ticket resale, the NTIA has backed the announcement of the introduction of a specific crime for spiking.
“This legislative change, one of the key asks from the previous government by the NTIA at the House of Lords select committee, will significantly enhance the role of the police,” says Kill. “By providing a robust data source to address this issue and focusing on direct intelligence to capture perpetrators, we can better protect our patrons and ensure safer environments in our venues.”
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A group of live music-related associations has unveiled a comprehensive best practice guide for crowd management in smaller performance spaces and licensed venues across the United Kingdom.
In response to incidents that have resulted in loss of life or serious injury at events, the UK Crowd Management Association (UKCMA), Night Time Industries Association (NTIA), LIVE, and UK Door Security Association have been working alongside experts and key stakeholders from the industry to publish the Safer Crowds, Safer Venues guidance.
The initiative aims to provide the operators of venues below arena size, event organisers, and their stakeholders with a general outline of accepted good practice in crowd management, filling a crucial gap in safety protocols for the smaller venue circuit.
The guide – a culmination of insights from experienced individuals within the industry – offers valuable perspectives tailored to ensure the safety, security, and optimal experience of attendees, as well as looking after the welfare of the staff working on events in the venues that host them.
“This guide represents a milestone in our collective efforts to prioritise safety and well-being in performance and licensed spaces.”
“The tragic incidents in recent years underscore the critical need for standardised and effective crowd management practices,” says Anne Marie Chebib, spokesperson for the UKCMA. “This guide represents a milestone in our collective efforts to prioritise safety and well-being in performance and licensed spaces.”
The 76-page guide is available as a free download from the safercrowdssafervenues.com website. It addresses various aspects of crowd management, including risk assessment, planning processes, stakeholder engagement, and considerations for different types of venues and events. It emphasises the importance of proactive measures and diligent planning to mitigate potential risks, recognising that strategies may vary depending on the nature of the event and venue.
“While this document serves as a valuable resource, it is important to recognise that it does not replace regulatory tools or official guidance,” notes Michael Kill of the NTIA. “Instead, it complements existing frameworks by offering practical insights and recommendations based on industry expertise.”
The guide encompasses a wide range of indoor venues, including concert halls, theatres, nightclubs, bars, pubs, restaurants, and comedy clubs hosting cultural and entertainment events. However, it excludes arenas over 5,000 seated capacity, outdoor events, and sports grounds, which are covered by separate guidelines.
“By adhering to the principles outlined in this guide, operators can ensure the safety of patrons and staff…”
“Effective crowd management is fundamental to the success and sustainability of any venue or event,” said Eric Stuart, former chair of the UKCMA. “By adhering to the principles outlined in this guide, operators can ensure the safety of patrons and staff while fostering a vibrant and inclusive atmosphere.”
The publication of Safer Crowds, Safer Venues marks an important step forward in enhancing safety standards across the UK’s entertainment and hospitality sectors. But while it provides valuable insights, users are also encouraged to seek legal advice and consider statutory duties in conjunction with the guidance provided.
Jon Collins CEO of LIVE adds, “At the heart of every venue is the promise of unforgettable experiences, a commitment to the joy and safety of every individual who walks through its doors. The launch of Safer Crowds, Safer Venues offers timely support in the vitally important area of crowd management to those small and medium size venues previously underserved in this area. Its content, prepared by a team of dedicated and expert volunteers, will underpin the delivery of safer events across the UK. LIVE commends this work and the contributions made by UKCMA and NTIA.”
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The Great Escape (TGE) conference has announced its themes and first guest speakers for its revamped 2024 edition.
The UK music industry event returns to Brighton from Wednesday 15 May to Saturday 18 May, with the Council of Music Makers (CMM), The Night Time Industries Association (NTIA), BBC Introducing and Youth Music each set to curate a day of the programme.
Confirmed speakers include Lauren Mayberry (Chvrches), Parklife and The Warehouse Project co-founder Sacha Lord, who is also night time economy adviser for Greater Manchester and chair of the Night Time Industries Association, and the They Think It’s All Sober podcast.
In the second room, The Great Escape’s partners will host panels including TikTok x Ticketmaster, The Spanish Wave, Audio Network, BPI, Pollstar, and Music Declares Emergency.
TGE has also announced the return of the Steve Strange Award for its third year. Introduced in honour of the late live agent and X-Ray Touring co-founder, the award recognises a music act that is breaking through creative boundaries. The recipient, who will receive a cash prize of £5,000, will be revealed on Monday 20 May.
“The scope of what’s going to be covered is more in depth and bigger and better than ever”
“We’re incredibly excited for how this brand new evolution of The Great Escape conference is shaping up,” says Rory Bett, CEO of organiser MAMA Festivals. “By bringing in some of the industry’s biggest and best networks and experts to develop the event, the scope of what’s going to be covered is more in depth and bigger and better than ever. This is the UK’s number one event for networking and getting ahead in the music industry like you’ve never seen it before.”
On 16 May, the CMM, the umbrella organisation representing the Ivors Academy, Featured Artists Coalition, Music Managers Forum, MPG and the Musicians’ Union, will cover key areas for people working in the business of music creation
The following day, the NTIA will provide a deep dive into the night time economy and current the state of play for venues and live entertainment. Then, on 18 May, BBC Introducing and Youth Music will focus on professional development for the next generation of emerging artists and entrepreneurs.
Saturday will also feature partner panels hosted by AudioActive, an organisation creating social change through music, and educational event platform THEFUTUREIS.
New for 2024, TGE has launched a brand-new Saturday-only conference ticket for £35, with a Saturday conference & festival combo ticket priced £75.
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UK ticketing firm and live events website Skiddle has announced the return of its promoter bursary scheme to support the next generation of party promoters.
The Skiddle Promoter Fund, which is supported by the Night Time Industries Association (NTIA), will be awarded to event organisers specifically running student-focused events in England, Ireland, Scotland and Wales. Each applicant can bid for a grant of up to £1,000 to help organise a student-centred event in either September or October 2023.
Successful applicants will also be able to benefit from advice on launch strategies, key sales dates and marketing/ticketing knowledge. Promoters can register their interest in the bursary here by the 31 July deadline.
“We are thrilled to announce the return of the Skiddle Promoter Fund, in collaboration with the NTIA,” says Skiddle senior marketing manager Lisa Braithwaite. “Having been in the industry for over 20 years, it is very important to us to ensure the continuity of events and night-time culture across the UK.
“Supporting new promoters is what Skiddle is all about, and we’re excited to see what ideas and concepts come out of this student-focused bursary scheme”
“Supporting new promoters is what Skiddle is all about, and we’re excited to see what ideas and concepts come out of this student-focused bursary scheme. The deadline is fast approaching so be sure to get in your application now to ensure you’re in with a chance of getting some money to put towards your event.”
Those who are chosen to receive the bursary will be contacted via email.
“We are extremely excited to announce our collaboration with Skiddle’s Promoter Fund, which will give thousands of promoters an opportunity to access well-needed funding for their events,” adds NTIA CEO Michael Kill. “It’s amazing to see companies like Skiddle investing in the future of the sector, encouraging new ideas and concepts to keep an extremely important industry moving forward even during these uncertain times.”
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The UK’s Night-Time Industries Association (NTIA) has launched a campaign to save O2 Academy Brixton from closure.
The future of the 5,000-cap Academy Music Group (AMG) venue is under threat after police applied to Lambeth Council seeking the revocation of the venue’s licence, having “lost confidence in the premises licence holder” following the events of 15 December 2022, when two people died in a crush at a show by singer/songwriter Asake.
An online petition launched to save the London venue by concert-goer Stuart O’Brien has attracted almost 100,000 signatures, and the NTIA is now urging people to show the importance of the Academy by submitting representations of support to the council by midnight on Monday 15 May.
It has formulated a letter for representation on its system for supporters to sign and submit to the authority.
“Without this venue in London, we would see a huge void in our cultural economy, a considerable gap in touring capability, loss of jobs and one less platform for headline domestic and international artists to perform, losing out to our international counterparts,” reads the letter.
“The potential impact of this closure would have huge ramification within the local economy”
“This venue is a huge talent bed for new artists, and for many performing within this space, it has been a turning point within their career, with many artists today citing this space as one of their pinnacle career moments.
“The potential impact of this closure would have huge ramification within the local economy, recent research has shown that we are already seeing an estimated 1/2 million pounds worth of lost revenue being suffered by local businesses every week since its temporary closure, with some unable to weather the suspension period.”
It continues: “I have not lost sight of the tragic incident that occurred in December , but would respectfully ask you to consider working with AMG and the venue to learn from what has happened and enhance the licence to ensure that this could never happens again.
“At this moment I would urge all involved to step forward and engage in productive and meaningful discussions, with an aim to resolve the current challenges and present a unified position on delivering the safe and effective management of this space in the future.”
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Live music organisations have reacted with disappointment to details of the UK government’s new Energy Bills Discount Scheme (EBDS).
Chancellor Jeremy Hunt unveiled the scaled-back initiative, which will replace the existing Energy Bill Relief Scheme from 1 April and will run for 12 months, earlier this week.
Sky News reports the EBDS will cost taxpayers £12.5 billion less and will reduce rather than cap energy cost. Businesses will only able to benefit from the scheme when bills reach £302 and £107 per MWh for electricity and gas, respectively.
Previously, wholesale prices were fixed for all non-domestic energy customers at £211 per MWh for electricity and £75 per MWh for gas for six months between 1 October and 31 March 2023.
“The government has been clear that such levels of support were time-limited and intended as a bridge to allow businesses to adapt,” says a statement from HM Treasury. “The latest data shows wholesale gas prices have now fallen to levels just before Putin’s invasion of Ukraine and have almost halved since the current scheme was announced.
“The new scheme therefore strikes a balance between supporting businesses over the next 12 months and limiting taxpayer’s exposure to volatile energy markets.”
“The average energy bill for live music venues has gone up by nearly 300% which is leading to permanent venue closures as owners struggle to cover costs”
However, Jon Collins, CEO of trade body LIVE, says the latest measures have increased the level of uncertainty for venue operators.
“The average energy bill for live music venues has gone up by nearly 300% which is leading to permanent venue closures as owners struggle to cover costs,” he says. “This decision further jeopardises these well-loved establishments – restricting access to live music, inhibiting venues’ ability to turn a profit, and damaging town and city centres at a time when we desperately need growth.”
Mark Davyd, CEO of grassroots venues organisation Music Venue Trust, describes the latest measures as “bizarre” and is calling for further clarification from the chancellor.
“The challenges caused by energy bills to grassroots music venues is understood by Jeremy Hunt and the government to be so bad that he has been compelled to write to Ofgem asking that they take action and do something about it,” says Davyd. “That’s good – something does need to be done, because the charges and conditions being forced upon the sector are absurd. The average increase in the sector is 278%. Demands are being made for excessive deposits, suppliers don’t actually want to supply and frankly, there is no market. There is simply an expensive monopoly with extraordinary prices and conditions.
“However, apparently the same evidence that has caused Jeremy Hunt to send the letter to Ofgem laying out these issues was considered insufficient that it would cause him to include Grassroots Music Venues within the specific support he subsequently announced. Venues, alongside the whole of hospitality, have been dumped into a general category of support that is so insufficient that it must inevitably result in permanent closures of venues.
“We are therefore forced to conclude that whilst Jeremy Hunt fully accepts that these energy bills will close music venues, he is not prepared to do anything concrete about it… except send letters”
“We are therefore forced to conclude that whilst Jeremy Hunt fully accepts that these energy bills will close music venues, he is not prepared to do anything concrete about it… except send letters.”
He continues: “The package of supported industries includes libraries and museums, who have neither comparatively high energy bills nor a non-functioning energy market and the basis on which he seems to have made the decisions on what would and would not be included in a package of support from 1 April are, at best, highly unusual.
“Mr Hunt has told Ofgem he would like to see the results of the investigation he has asked for in time for the budget. We would strongly urge them to complete that work with sufficient expediency that the chancellor can revisit the support in that budget and recognise that grassroots music venues should have been included within the exceptional support he has offered to libraries and museums.”
Elsewhere, Night-Time Industries Association chief Michael Kill says the announcement highlights that the government is “out of touch” with businesses.
“The scaling back of the energy relief scheme by government at the end of April will without doubt mean thousands of businesses and jobs will be lost in the coming months,” he adds.
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The UK’s Music Venue Trust (MVT) is calling on the government to set up a live music commission after criticising the “missed opportunities” of today’s budget presented by chancellor Jeremy Hunt.
The organisation welcomes Hunt’s announcement, delivered as part of his Autumn Statement, that business rates relief will be extended from 50% to 75% from 1 April 2023 and urges the chancellor and PM to bring forward a full review of the issue for grassroots venues “at the earliest opportunity”.
However there was further frustration for the industry, as pleas to reduce VAT on ticketing were ignored once more.
“A live music commission can provide the government with the tools it needs to be able to recognise the incredible asset the UK has in its grassroots music venues”
“Multiple opportunities to stabilise and grow the live music sector are being consistently missed,” says MVT CEO Mark Davyd. “Our grassroots music venue sector creates 29,000 jobs, delivering over 170,000 performances to more than 20 million people. It is a vital sector with real opportunities to deliver growth, but that is not recognised and acted upon in this Autumn Statement.
“In light of these missed opportunities, Music Venue Trust calls for the government to set up a live music commission. This body can be charged with considering the significant opportunities to stabilise and grow the live music sector, with the aim of informing future government policy so that these opportunities are not consistently missed.
“A live music commission can provide the government with the tools it needs to be able to recognise the incredible asset the UK has in its grassroots music venues and ensure that future policy protects, secures and improves them.”
“Unprecedented operating conditions are pushing our sector to the brink”
Jon Collins, CEO of trade body LIVE, acknowledges the government’s desire to bring stability to the UK economy, but says the budget offers “little help” to secure the future of the UK’s live industry.
“Unprecedented operating conditions are pushing our sector to the brink, as much-loved venues close their doors, tours are cancelled and artists drop out of the industry,” he says.
“The pandemic hangover combined with the increased cost of living has led to 54% of people stating they are less disposed to attending live entertainment, putting incredible pressure on the live music sector. Today, we renew our call for a reintroduction of a lower VAT rate on ticket sales to inject cash into the bottom line of struggling businesses, bring us in line with many other European countries, and secure the future of live music for all.”
“When businesses should be preparing for the busiest period of the year, they are now having to consider their future”
The Night Time Industries Association (NTIA), which has more than 1,400 members, including nightclubs, bars, casinos, festivals, and supply chain businesses ,also criticises the budget for a perceived lack of clarity and suggests the measures outlined do not gone far enough.
“This government is guilty of neglecting thousands of businesses and millions of employees and freelancers across the night time economy, this budget has not gone far enough and still lacks clarity, and will without doubt see a huge swathe of SMEs [small and medium enterprises] and independent businesses disappear in the coming months,” says NTIA chief Michael Kill.
“When businesses should be preparing for the busiest period of the year, they are now having to consider their future, and will remember the fourth failed attempt to deliver a budget to safeguard businesses at the sharpest end of the crisis. There is no consideration for the human impact, this will have a devastating effect on not only business owners, but the individuals and families who have committed their lives and livelihoods to this sector.”
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