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Business rates threaten London music venues

The GLA releases new figures for the capital

Just over a year ago, we blogged on the challenges facing small music venues. Research commissioned by the Mayor of London, Sadiq Khan, now looks at these challenges. It finds that twenty-one of London venues are at risk of closure due to business rates increases.

In addition, this research by the GLA reports:

  • At least 14,000 performance opportunities for emerging artists could be cut
  • Hundreds of jobs under threat
  • London’s cinemas are also being hit with increased charges
  • 100 Club among venues facing rate rises

Earlier this year, we reported on the large economic gain to Ireland from live entertainment. Venue closures would diminish similar returns in London. While the biggest economic gains are associated with larger venues, it is the smaller venues most threatened by these increased business rates.

The loss of small venues will both impact on the essential opportunities they provide new artists trying to make a name for themselves, as well as diluting the live music ecosystem - reducing access to live music, which so often inspires and uplifts.

- Jonathan Todd, Chief Economist