Over a third of UK grassroots music venues are loss-making, charity finds | Music
Over a third of UK grassroots music venues are loss-making, according to the annual report of the sector charity Music Venues Trust (MVT).Thirty-eight per cent of the 835 venues, most of them small and entirely independent, made a loss, with cost of rent a particular pressure point: venues that rent their premises saw those costs increase by an average of 37.5% compared with 2022.There were 960 grassroots music venues in 2022, but that number dropped by 125 last year, with around half of those closing altogether and the…