Home Business News Iconic London venues denied cultural recovery funds

Iconic London venues denied cultural recovery funds

by LLB political Reporter
17th Oct 20 2:01 pm

NTIA are shocked and dismayed at London’s iconic dance music venues Printworks, The Egg, Studio 338, Oval Spaces and The Pickle Factory being refused the Cultural Recovery Funding.

 Dance music events and clubs are a vital part of the British heritage and the #LetUsDance campaign fought for the inclusion of contemporary music culture; an Industry that is renowned globally and worth billions of pounds to the UK economy and music exports.

Dance Music is the world’s third most popular music genre, with an estimated audience of over 1.5bn according to the IFPI. But, despite the global influence and economic importance of British dance music, the government is not supporting our world-leading industry.

Michael Kill, CEO NTIA said, “We are shocked and dismayed that some of the key contemporary music venues, events and supply chain have been missed out of the cultural recovery fund, and with no clear understanding of the future, this has left many of them in an extremely difficult financial position”

“We have been aware all along that the fund would not be able to support everyone, and will leave many businesses who have missed out on this opportunity awaiting on a perilous cliff edge, but given the significance of some of the businesses that have been left out, we are concerned with regard to eligibility and fair consideration around the types of businesses and the criteria they have been measured against”

“We are keen, alongside hundreds of unsuccessful businesses, to understand the criteria with which some of these decisions have been made, and gain an understanding of  when and if there will be further support for the sector through cultural funding, as we are losing important businesses and people every day ”

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