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<p>The Government is committed to supporting our grassroots music venues, which play
an absolutely crucial role in our world-leading music sector and developing homegrown
talent.</p><p>That is why we are supporting live music through a range of measures.
This includes an additional £5 million to Arts Council England’s (ACE’s) successful
Supporting Grassroots Music fund, as set out in the Creative Industries Sector Vision
in June. This expands and extends ACE’s existing grassroots fund, and takes our total
investment in grassroots music through the fund to almost £15 million since 2019.
This fund will enable venues to increase support for young and emerging artists, improve
equipment and physical infrastructure, and support venues to become more financially
resilient and develop new income streams.</p><p>This is in addition to other Government
support including the Culture Recovery Fund, which provided over £200m of support
for live music venues, the £800m Live Events Reinsurance Scheme, alongside the cross-sector
grants, loans, and reduction of VAT on tickets to 5%. Further, over £3 million was
provided during the pandemic from the Emergency Grassroots Music Venues Fund.</p><p>Music
venues are also eligible for the Retail, Hospitality and Leisure Business Rates Relief,
with a 75% relief up to a cash cap limit of £110,000 per business. This relief was
extended for a further year during the Chancellor’s Autumn Statement. DCMS and DLUHC
are also working closely with the sector to revise planning guidelines to ensure that
new developments engage with existing music venues before being built.</p><p>Industry-led
discussions are ongoing regarding increased support for grassroots music venues from
larger events and venues, and DCMS actively supports these sector-led initiatives.
Ministers and officials continue to engage with industry to understand the challenges
and review opportunities to strengthen the financial resilience of the grassroots
music sector.</p>
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