Music Venue Trust makes plea to Jeremy Hunt amid fears over prospects of UK’s future music stars
The UK’s small music venues are experiencing a “full-blown crisis” – with many forced to close over the last year, a music charity has said.
The Music Venue Trust says the future of “world-beating” artists is under threat and has asked the chancellor for an extension of the 75% business rates relief introduced in April this year. It is due to come to an end in March 2024.
In an open letter to Jeremy Hunt, the charity said: “The grassroots music sector is in the middle of a full-blown crisis.
“One hundred and twenty-five venues have shut their doors for live music in the last 12 months, 15.7% of all such spaces in the UK.
“It represents the loss of 4,000 jobs, 14,250 events, 193,230 performance opportunities, £9 million of income for musicians, and £59 million in lost direct economic activity.”
The Music Venue Trust says small venues are facing permanent closure
Calling the closures “an immediate economic, social, and cultural blow” to local communities, they said the now dark venues had been “treasured places that bond our communities together, foster pride in the places we live, drive creativity and create aspiration”.
The UK music industry brings billions of pounds into the economy, attracting both domestic and international tourists to live events.
Earlier this year, Culture secretary Lucy Frazer announced an additional £5m investment into Arts Council England’ Supporting Grassroots Live Music fund, in recognition of the importance of its role to both boost the country’s economy as well as its soft power.
In January 2020, the then Chancellor Rishi Sunak introduced a special 50% business rates relief for grassroots music venues.
This was then extended to 100% during the COVID pandemic, and finally reduced to 75% in the post-pandemic economic climate.
The charity says removing the 75% rate would increase costs to the sector by £15m. They say the sector returned a profit margin amounting to just £1million in cash terms last year.
Warning that the removal of the 75% rate would “plunge the entire grassroots sector into the red,” they warned more venues would close as a result.
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The open letter to Mr Hunt concludes with a heartfelt plea: “Artists will have nowhere to start their careers. The UK risks producing fewer world-beating artists as a direct result of the decision you make on this issue in your Autumn Statement.
“You have said you don’t have the economic conditions to consider tax cuts. Grassroots Music Venues don’t have the economic conditions to allow tax rises.”
The Music Venue Trust – which represents more than 900 grassroots music venues across the UK – has previously voiced concerns that emerging artists with the potential to be the next Ed Sheeran or Adele – both of whom started out playing in grassroots venues – could find their careers cut off at ground level, never realising their full potential.
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Cara Delevingne reveals how Topshop inspired her fashion sense – as brand relaunches in London
Fashion brand Topshop celebrated its relaunch with its first catwalk in seven years.
The company’s website promised everyone was invited as models strutted down a runway on Trafalgar Square in front of noughties fashion icons Cara Delevingne and Adwoa Aboah and the London Mayor Sir Sadiq Khan.
The label has been operating on the online fashion platform ASOS after ceasing to operate as a standalone business in 2020.
Topshop held a catwalk in Trafalgar Square. Pic: PA
A model on the catwalk
Its previous owner, Sir Philip Green’s Arcadia group, collapsed into administration and all of Topshop’s physical stores – including the Oxford Circus flagship in London’s West End – closed soon after.
Delevingne told Sky News she was “totally blown away” by the relaunch event.
“It was like nostalgia mixed with something eclectic but also something brand new,” she said.
“For me, it really brings back a time of exploration of my own fashion sense because I think for me at Topshop I got to discover so much.”
The model, who is working on a capsule collection for next year, has already unveiled a choice edit in this year’s show and said her relationship with Topshop precedes her fame.
She said: “I would go in and my friends would be like ‘you would look good in that’ and I would go ‘no, that’s not really me’, and then you’d try it on and be like ‘oh maybe I can explore more’.
“They really have everything for everyone, and I feel like they brought that back.”
The runway showcased highlights from its Autumn-Winter 2025 collection, as well as an early preview of pieces set to drop later this season, including showstopper gowns, the classic white tee, and an aloe vera-coloured faux fur coat that surely should not have been on display – to prevent just about everyone rushing to buy it.
Topshop’s relaunch was staged at Trafalgar Square
Models in front of the National Gallery in London’s Trafalgar Square. Pic: PA
Reclaiming the high street
But sharp tailoring and statement outerwear suggest the brand is ready to reclaim the high street.
Must-have denim pieces completed the womenswear line-up while the Topman collection screamed modern utility by blending refined formal wear with sharp new silhouettes.
Casual pieces are grounded by authentic denim in deep indigos, which stood out on Trafalgar Square’s magnificent stone steps.
Topshop’s relaunch comes as the high street continues to struggle and as the UK operation of Chinese fashion giant Shein announced pre-tax profits of £38.3m for the year, up some £14m from 2023.
‘Top end of the market’
Moses Rashid, global marketing director at Topshop/Topman said they are competing in a different space.
Topshop has been operating on the online fashion platform ASOS after ceasing to operate as a standalone business in 2020
“We’re at the top end of the market. We’re about elevation. We pride ourselves on the quality of the product,” he said.
Those products are being designed in north London, and managing director Michelle Wilson said the aim is to stay that way.
“We are a British brand, we want to be a positive force for fashion. We want to bring London to the world. It’s fundamental to who we are as a brand, our style is very much London-driven.”
The majority Danish-owned company has suggested it will slow fashion down by opening physical stores where customers can touch the products, browse collections and try things on, though the flagship on Oxford Circus is unlikely to return because a Swedish fast furniture brand has since occupied the space.
Designer Wayne Hemingway has previously collaborated with Topshop and said the relaunch must be more than nostalgia.
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“They can’t rely on their old customers because their old customers have now got kids of their own to spend their money on, and they’ve got mortgages and all of those things of what being an adult means.
“They’ve got to have designers, marketeers, people who understand – who are on the pulse – who understood, number one, what was a success back then, and also a young generation of people who are there saying, ‘this is what our generation needs’, and who are bright and can help deliver that. They can’t rely on the past.”
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