Nearly 800 late night venues in the UK have closed since March 2020.
The Night Time Industries Association (NTIA)'s Night Time Economy Monitor claim that's a drop of 26.4 percent, and the NTIA has announced a call to action to stop the rot.
Less than 2,500 late night venues are now operatioing in the UK as losses have stepped up over the past three months with three net closures of venues a week.
Michael Kill, CEO of the NTIA, said: “We’re witnessing the loss of important social infrastructure from our towns and cities.
"Nightclubs and late-night venues are more than just places to dance - they’re cultural institutions, economic engines and cornerstones of community life,”
“The closure of one in four late-night venues changes the UK’s cultural landscape. Small venues nurture new talent, fuelling the success of globally renowned artists and the creative economy.
"You don’t get Ed Sheeran, Dua Lipa, or Oasis without small venues. The collapse of independent venues puts the entire night-time economy at risk.”
The NTIA's call to action of #StopTheDancefloorTax highlights three key areas that need to be addressed to stop the decline in night time economy and loss of jobs:
The Night Time Industries Association (NTIA)'s Night Time Economy Monitor claim that's a drop of 26.4 percent, and the NTIA has announced a call to action to stop the rot.
Less than 2,500 late night venues are now operatioing in the UK as losses have stepped up over the past three months with three net closures of venues a week.
Michael Kill, CEO of the NTIA, said: “We’re witnessing the loss of important social infrastructure from our towns and cities.
"Nightclubs and late-night venues are more than just places to dance - they’re cultural institutions, economic engines and cornerstones of community life,”
“The closure of one in four late-night venues changes the UK’s cultural landscape. Small venues nurture new talent, fuelling the success of globally renowned artists and the creative economy.
"You don’t get Ed Sheeran, Dua Lipa, or Oasis without small venues. The collapse of independent venues puts the entire night-time economy at risk.”
The NTIA's call to action of #StopTheDancefloorTax highlights three key areas that need to be addressed to stop the decline in night time economy and loss of jobs:
- Cut VAT for Hospitality & Night-Time Economy: permanently reduce VAT for venues, bars, and clubs to boost recovery and promote growth and investment.
- Reinstate National Insurance Thresholds for Employer: restore National Insurance contribution thresholds for hospitality and night-time economy businesses to ease hiring pressures.
- Sustain Business Rates Relief for Night Time Economy Sector Until Meaningful Reform is Delivered: maintain business rates relief for the Night Time Economy sector until a comprehensive and fair reform of the rates system is implemented.