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Industry news & advice blog

UK government confirm £1.57bn lifeline to save music and arts sectors

News: 6th July 2020 by Stef Loukes under Artist Managers, Creative & Branding, Finance, Law & Music Business, Live, Media, Music Publishing, Music Training & Careers, Record Labels, Recording & Production, Selling & Distributing Your Music

Marvellous news as the months of rallying have paid off, and the government has promised a £1.57bn cash injection to the UK's arts sector - supporting music venues, theatres, museums and galleries. 

Last week over 1,500 artists backed an appeal to the DCMS & Culture Secretary Oliver Dowden for urgent support. Organisations such as Music Venue Trust have been demanding action from the government for months, so this is a welcome announcement.

Gig venues will be able to apply for emergency grants and loans to save them from permanently closing, and to sustain them whilst operating with lower capacities due to social distancing regulations. 

The government have also announced a VAT cut for concerts.

Find out more by checking out the links below...


Related Links

https://www.theguardian.com/world/2020/jul/05/boris-johnson-uk-lifeline-arts-heritage-sector-afloat

https://www.musicweek.com/live/read/music-industry-reacts-to-government-support-package-for-live-sector/080299

https://www.bbc.co.uk/news/entertainment-arts-53302415

http://musicvenuetrust.com/2020/07/announcement-grassroots-music-venues-receive-lifeline/

https://www.nme.com/news/music/wed-have-lost-hundreds-of-music-venues-by-now-if-it-werent-for-the-british-public-say-mvt-after-government-bailout-2702366

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Struggling gig venues given cash injection as UK government announce £1.57bn rescue package

 

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