Corporate Sponsors of large music arenas
Pay levy on ticket sales
Directly re-invested into
ring-fenced
Grassroots Music Venue Fund
Grassrooits Music Venue Fund
- Corporate sponsors of large music arenas to pay a small levy on ticket sales directly
re-invested into a
ring-fenced Grassroots Music Venue Fund.
Background:
..."Big corporate venues have to ‘pay their fair share’ towards saving small, independent venues."...
..."In 2022, 22 million people saw live music at grassroots music venues and brought £500m into the UK economy. However, operating costs ran at over £499m, leaving a profit margin of only 0.2%."...
..."The latest annual report by the Music Venue Trust revealed that 2023 was the worst year for grassroots music venues yet, with as many as one a week shutting its doors permanently.
It is absolutely no exaggeration to say that, without urgent action, we face the real risk of losing an entire generation of talent and artistry to cuts and austerity. Without grassroots music venues, up-and-coming performers, bands and musicians will not be granted the necessary space to harness and develop their craft, or build enough of a following to move on to bigger things such as record deals or the chance to play at larger concert venues."...
Source: Kerrang! magazine via The Canary