Music Venues: Finance

Department for Culture, Media and Sport written question – answered am ar 13 Mawrth 2024.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Kevin Brennan Kevin Brennan Shadow Minister (Victims and Sentencing)

To ask the Secretary of State for Culture, Media and Sport, if she will take steps to provide urgent support to grassroots music venues at risk of closure in the context of increased costs.

Photo of Kevin Brennan Kevin Brennan Shadow Minister (Victims and Sentencing)

To ask the Secretary of State for Culture, Media and Sport, whether she has had recent discussions with representatives of the live music industry on introducing a ticket levy on large scale music arenas to support grassroots live music.

Photo of Julia Lopez Julia Lopez Parliamentary Secretary (Cabinet Office), The Minister of State, Department for Culture, Media and Sport, Minister of State (Department for Science, Innovation and Technology)

The Government is committed to supporting our grassroots music venues, which play an absolutely crucial role in our world-leading music sector and developing homegrown talent.

That is why we are supporting live music through a range of measures. This includes an additional £5 million to Arts Council England’s (ACE’s) successful Supporting Grassroots Music fund, as set out in the Creative Industries Sector Vision in June. This expands and extends ACE’s existing grassroots fund, and takes our total investment in grassroots music through the fund to almost £15 million since 2019. This fund will enable venues to increase support for young and emerging artists, improve equipment and physical infrastructure, and support venues to become more financially resilient and develop new income streams.

This is in addition to other Government support including the Culture Recovery Fund, which provided over £200m of support for live music venues, the £800m Live Events Reinsurance Scheme, alongside the cross-sector grants, loans, and reduction of VAT on tickets to 5%. Further, over £3 million was provided during the pandemic from the Emergency Grassroots Music Venues Fund.

Music venues are also eligible for the Retail, Hospitality and Leisure Business Rates Relief, with a 75% relief up to a cash cap limit of £110,000 per business. This relief was extended for a further year during the Chancellor’s Autumn Statement. DCMS and DLUHC are also working closely with the sector to revise planning guidelines to ensure that new developments engage with existing music venues before being built.

Industry-led discussions are ongoing regarding increased support for grassroots music venues from larger events and venues, and DCMS actively supports these sector-led initiatives. Ministers and officials continue to engage with industry to understand the challenges and review opportunities to strengthen the financial resilience of the grassroots music sector.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.