MVT<\/a> 2022 annual report found a decline of 16.7% over the past three years, which MVT put down to significant cutbacks made by venues.\u00a0<\/p>\n\n\n\nIt has urged more support from the government and is calling for a review of VAT for venue ticket sales as it is, \u201ccrushing the economic viability\u201d of the sector.<\/p>\n\n\n\n
Mark Davyd, chief executive of MVT, said they were pleased that grassroots music venues contribute an \u201cenormous impact on the cultural life of our country”.<\/p>\n\n\n\n
He said: \u201cIt is necessary to reiterate the precarious financial position that much of the sector still finds themselves in.\u201d<\/p>\n\n\n\n
The organisation has outlined plans for all new arenas opening in the UK to invest a percentage of every ticket sale into the grassroots music ecosystem.<\/p>\n\n\n\n
It has requested that GM mayor Andy Burnham and the city council pledge to commit to this plan when the new 23,500 capacity Co-op Live Arena opens in Manchester later this year.\u00a0<\/p>\n\n\n\n
Mr Davyd said that the \u201cthreat is real\u201d and a long term economic plan is needed to keep sustaining the industry. <\/p>\n\n\n\n
\u201cWe cannot go on building more and more arenas with no plan of how to fill the stages they create in five, ten or twenty years\u2019 time and without these new facilities playing their part in helping protect the grassroots eco-system,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Music Venue Trust (MVT) has called for a review of VAT for venue ticket sales after a report found that grassroot music venue live…<\/p>\n","protected":false},"author":1314,"featured_media":9980,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[4978,4972],"tags":[2550,5150,426],"class_list":["post-9973","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-music","category-news","tag-grassroots","tag-manchester-co-op-arena","tag-music-venues"],"acf":[],"yoast_head":"\n
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