Music Venues: Finance

(asked on 13th November 2024) - View Source

Question to the Department for Digital, Culture, Media & Sport:

To ask the Secretary of State for Culture, Media and Sport, if she will take steps to provide financial support for grassroots music venues, in the context of the removal of business rate relief for retail, leisure and hospitality venues.


Answered by
Chris Bryant Portrait
Chris Bryant
Minister of State (Department for Culture, Media and Sport)
This question was answered on 22nd November 2024

The government response to the Culture, Media and Sport select committee report on grassroots music venues, sets out the steps the government is taking, working closely with industry, to support a sustainable grassroots music sector. In particular, we are calling on the music industry to introduce a voluntary levy on arena and stadium tickets to support grassroots music venues, artists and promoters.

The government intends to introduce permanently lower tax rates for retail, hospitality, and leisure (RHL) properties from 2026-27, such as grassroots music venues. This reform, on which a Discussion Paper was published at Autumn Budget 2024, will provide certainty for businesses regarding their bills. It is incorrect to state that business rate relief has been removed. In fact, to provide further support, the government has extended RHL relief at 40% for 2025-26.

In addition, at the 2024 Autumn Budget, this government has extended support for the Arts Council England’s Supporting Grassroots Music investment programme for 2025-26, ensuring sustained support for musicians, venues, and industry professionals.

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