Around 30 percent of nightclubs in the UK have closed since the start of the COVID-19 pandemic, according to a new report shared by the Night Time Industries Association (NTIA).
The organisation’s UK Electronic Music Industry Report found that 365 clubs had shut across the UK since March 2020, amounting to 29.3 percent of clubs that had been open before that date. A poll carried out by the group also found that 83 percent of clubs are on a "knife edge" with regards to being able to stay open, while 43 percent are currently barely breaking even. 40 percent are losing money, despite government support, according to the report.
The report was pieced together with the help of data analysis company Audience Strategies as a means of assessing the current health of the UK’s nightclubs and electronic music industry. The report valued the nightclub industry at £1.6 billion, while festivals contribute a further £519 million to the economy, according to the shared data.
Detailing a number of potential methods of support for those struggling within the industry amid the cost of living crisis and effects of the COVID-19 pandemic, the NTIA said the UK government should consider appointing a nationwide nighttime economy adviser, and look into easing various areas of regulation that are currently hurting venue owners.
Sharing the report, NTIA CEO Michael Kill said: "We hope that the government, through industry insight, will have a greater understanding of the sector, and support it in a way that cements its future in British culture."
You can access the report here.
