Hundreds of music venues across England and Wales are celebrating as the Music Venue Trust secures a 50% reduction to business rates.
‘This is a much needed and long overdue boost for Grassroots Music Venues. Music Venue Trust has been working hard with government on this issue for the last four years and it is a huge breakthrough for us and the members of the Music Venues Alliance. We’d like to thank our partners at UK Music and Musicians’ Union for their support and help in getting this over the line.’
Beverley Whitrick, Strategic Director, Music Venue Trust
The extension of the relief will see 230 Grassroots Music Venues across England and Wales benefit, with the average saving per venue equating to a reduction in overheads of £7,500 per annum.
It follows other wins for the sector including a new ring-fenced fund announced by Arts Council England in May 2019, which released £1.5million of subsidy into the sector, and changes to planning guidance and the legal framework across the UK which have brought additional protections for music venues from developers and noise complaints through Agent of Change.