Music Venue Trust Energy Costs Policy Statement

The financial impact of the energy price rises on the Grassroots Music Venue sector presents an existential challenge. For a sector with a total gross turnover of £399 million, the current rise equates to an additional £90 million in costs.

The policy announced today only goes some way in alleviating the challenge, in the very short-term, by creating an energy price cap for businesses that will be in place for an initial 6 months. The Government has committed to reviewing this policy in conjunction with the hospitality sector. Music Venue Trust will contribute to this review to ensure the perspective of Grassroots Music Venues is included in this decision-making process.

As the policy announced today is only a temporary short-term measure, Music Venue Trust urges the Government to take further action to ensure a long-term solution for energy provision for Grassroots Music Venues providing an energy supply which is affordable, reliable and sustainable. We need this action to take place as soon as possible to protect, secure and improve our Grassroots Music Venues.

Clara Cullen, Venue Support Manager, Music Venue Trust