No Result
View All Result
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions
Smart Investment Today
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Smart Investment Today
No Result
View All Result
Home Investing

Festivals get longer licences and red tape cut in £45m music plan

by
July 14, 2026
in Investing
0
Festivals get longer licences and red tape cut in £45m music plan
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

The small businesses behind Britain’s live music industry have been handed a rare piece of good news, as the government’s first long-term music strategy promises a £45 million growth fund, lighter-touch festival licensing and a two-year freeze on business rates bills for venues.

Turn It Up: Our Plan for Music, launched by Culture Secretary Lisa Nandy on Monday, sets out how ministers intend to grow a sector worth at least £8 billion to the economy. Crucially for the independent operators who make up most of it, the plan reaches beyond stadium headliners to the promoters, labels, managers and venues that develop talent.

The Music Growth Package, now boosted to £45 million after a £15 million injection from Arts Council England, will support more than 2,000 projects and at least 40,000 artists and music professionals over three years. For the first time, the funding will also be open to mid-career artists, band managers, labels and publishers, many of them small firms and freelancers.

For festival and event organisers, the licensing reforms may prove the most practical win. Temporary Event Notices will rise from 15 to 20 per year, with total event days up from 21 to 26, while festivals will be offered longer licences, a minimum of three years for new events and five years for existing ones. A 15 per cent business rates relief for live music venues has also been confirmed, with bills frozen for the next two years.

The Night Time Industries Association, which represents clubs, bars and late-night operators across the UK, worked alongside government and UK Music in shaping the plan and says many of the sector’s priorities are reflected in it.

Michael Kill, chief executive of the NTIA, said: “It is extremely encouraging to see the Government deliver a long term strategy that recognises music as one of the UK’s greatest cultural and economic assets. We have been proud to work alongside colleagues from across the industry to help shape this plan and it is positive to see that collaboration translate into meaningful action.”

“The success of UK music depends on every part of the ecosystem working together. That means supporting not only artists and venues, but also festivals, promoters, clubs, DJs, producers, electronic music and the independent businesses that develop talent and create opportunities across the country. These are all vital parts of our music landscape and deserve recognition and support.”

The warm words mark a change of tone from an association that only weeks ago branded the Chancellor’s summer VAT cut a ‘superficial fix’ that sidelined clubs and festivals. The underlying pressures have not gone away. Industry research has warned that the late-night economy could lose 10,000 businesses and 150,000 jobs by 2028 without intervention, even as music tourism delivers a record £11.2 billion for UK towns and cities.

Kill acknowledged as much. “The commitments to invest in grassroots music, reform festival licensing and support future talent are positive steps. There is still work ahead to secure the long term sustainability of venues, clubs and independent operators, but this plan provides a strong foundation and we look forward to continuing to work with government and industry partners to help deliver it.”

For the SMEs that keep Britain’s stages lit, the plan is a foundation rather than a fix. But after years of asking Whitehall to listen, the industry will settle for a government finally singing from the same song sheet.

Previous Post

CBDC Banned in United States Until 2031

Next Post

$300 a kilo: space cargo costs falling faster than steam ever did

Next Post
$300 a kilo: space cargo costs falling faster than steam ever did

$300 a kilo: space cargo costs falling faster than steam ever did

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • Trending
    • Comments
    • Latest
    Pibit.AI raises $7m Series A to bring trusted AI underwriting to the insurance sector

    Pibit.AI raises $7m Series A to bring trusted AI underwriting to the insurance sector

    November 20, 2025

    Gold Prices Rise as the Dollar Slowly Dies

    May 25, 2024

    Richard Murphy, The Bank of England, And MMT Confusion

    March 15, 2025

    We Can’t Fix International Organizations like the WTO. Abolish Them.

    March 15, 2025
    Let a Hundred Kodaks Bloom?

    Let a Hundred Kodaks Bloom?

    0

    Ana-Maria Coaching Marks Milestone with New Book Release

    0

    New Bonded Warehouse Facilities Launched in Immingham

    0

    From Corporate Burnout to High-Performance Coach: Anna Mosley’s Inspiring Journey with ‘Eighty’

    0
    Let a Hundred Kodaks Bloom?

    Let a Hundred Kodaks Bloom?

    July 15, 2026

    ! “9FT TIGER ON THE PROWL IN NORFOLK – BE ALERT!”

    July 15, 2026

    Foucault, Panopticism and the Carceral Society; the Rise of the Surveillance State

    July 15, 2026

    An Old Tanker and a Mexican Detour: How Puerto Rico Finally Started Buying American Natural Gas

    July 15, 2026

    Recent News

    Let a Hundred Kodaks Bloom?

    Let a Hundred Kodaks Bloom?

    July 15, 2026

    ! “9FT TIGER ON THE PROWL IN NORFOLK – BE ALERT!”

    July 15, 2026

    Foucault, Panopticism and the Carceral Society; the Rise of the Surveillance State

    July 15, 2026

    An Old Tanker and a Mexican Detour: How Puerto Rico Finally Started Buying American Natural Gas

    July 15, 2026
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 smartinvestmenttoday.com | All Rights Reserved

    No Result
    View All Result
    • News
    • Economy
    • Editor’s Pick
    • Investing
    • Stock

    Copyright © 2026 smartinvestmenttoday.com | All Rights Reserved