23/02/2023
Wouldn't that be grand
A correction to this headline; the people who saved Bedford Esquires are the incredible team that work there and the local community who support them. But we are pleased to have played a small role in ensuring that Esquires can carry on being one of the best venues in the country.
Music Venue Trust was able to chip in with the final £5,000 that they needed thanks to the support of our own network of Grassroots Music Venues. That final piece of the jigsaw means this venue can stay open.
One grassroots music venue is closing down every week because we don’t have £5,000 for every venue that needs it. That’s the difference between closure and survival in this case. £5000.
£5000 equates to just 50% of a a 50p contribution from a £100 ticket at a 20,000 capacity arena for just one night. 0.5% .We could help two venues to survive every time that one arena opens. There are 960 venues like Esquires in the UK, we could support every single one of them like this from just 50p, 0.5%, on just 480 shows.
There are 22 arenas in the UK, with a plan to build 8 more. Even 50 shows a year at each arena with this contribution on every ticket would create a fund with real impact. It would not only stop venues closing down, it would start to build back the circuit that artists and audiences need and deserve.
Football is getting an independent regulator because the key stakeholders cannot do the right thing and distribute the wealth within the game equitably enough to prevent small clubs from closing down and pitches being lost. At MVT, we honestly believe the live music industry can do better than that and that we don't need a regulator to do the right thing.
Because a regulator wouldn't say 0,5% is enough. A regulator would look around the world at the support that grassroots music venues attract. They would take their lead on what is required from France where exactly this type of fund is created by a 3% levy on every ticket. Not 50p per £100 ticket, £3. They would look at the companies paying that levy on every ticket and realise that those companies are all the same companies that aren't currently making a contribution in the UK.
We don't need a regulator to know that this cannot continue. We have proposed to the music industry a deal that features an affordable contribution from each ticket that we collectively control and that works. It would stop grassroots music venues closing down, create the investment needed, improve things for artists and audiences, and start to rebuild the sector everyone in the industry needs.
50p per ticket. Pick up the phone and let's make it happen.