16/03/2023
Music Venue Trust Spring Budget Response Statement:
MVT presented to DCMS and Treasury details of the negative impacts that failure to extend the enhanced business energy relief scheme would have on Grassroots Music Venues from first April 2023. One Grassroots Music Venue is closing every week already in 2023. The budget was an opportunity to ensure that this number of closures did not explode from the first April when Grassroots Music Venues will be hit by excessive and unaffordable energy bills. The Chancellor has failed to respond to the evidence we submitted. There is no additional support for music venues and the inevitable result will be mass closures of venues.
We note that, as per the last 5 years of budgets, significant opportunities to support the Grassroots Music Venue sector have been overlooked. This network of venues across the country is a prime opportunity to improve productivity, enhance local jobs, and support struggling communities. We welcome the support for theatres, museums, art galleries and orchestras, but once again we note that all of the Chancellor's announcements on tax relief for these sectors exclude Grassroots Music Venues and artists. We also note that the opportunities to support research and development in this sector has been once again missed; the R and D tax reliefs announced are not relevant to the Grassroots Music Venue sector.
We remain keen to work with the Government to unlock the opportunity that the Grassroots Music Venue sector presents. We hope that in the near future a budget statement will be made that recognises and acknowledges the economic, cultural and community opportunity these venues present.
Regrettably, the failure to act on energy bills must inevitably mean that 2023 will be the worst year for closures since the creation of Music Venue Trust in 2014. In the absence of any action to this challenge by the Government we will once again be reaching out to the energy supply companies to try to avert closures. It is plainly in no one's interest to allow buildings that house Grassroots Music Venues to become abandoned as the cost of energy needed to open those spaces to the public and performers cannot be met by any venue operator.
https://www.musicvenuetrust.com/2023/03/music-venue-trust-spring-budget-response-statement/