Live Music Industry ‘Facing 170,000 Job Losses by Year’s End’

Written by: Keith Tully

Music MixerThe UK’s live music industry is facing a crisis that could result in the loss of tens of thousands of jobs before the end of the year, it’s been claimed.

Live music events and performances have been almost entirely banned from taking place during 2020 due to Covid-19 and the numbers of people employed in the sector could be set to plummet if government support is not forthcoming.

At least that’s the perspective of lobby groups representing the industry, such as the Concert Promoters Association, which has said that most live music sector employment will only remain viable in the short term if external support can be provided.

“We were one of the first sectors to close and we will be one of the last to reopen,” said Phil Bowdery, chair of the association.

“We are currently in a catch 22 where we are unable to operate due to the government restrictions but are excluded from the extended Job Support Scheme as the furlough comes to an end.

“If businesses can’t access that support soon then the majority of our specialist, highly trained workforce will be gone.”

The government’s initial Job Support Scheme protected the employment of millions of people during the early months of the Covid crisis, with people in the live music sector among those being furloughed and paid not to work for a period of time.

However, that scheme closes at the end of October and is being replaced by a more targeted, less comprehensive employment protection initiative.

For live music venues, the situation could become financially devastating if they cannot operate profitably because of coronavirus restrictions but also cannot access government support because they have not been instructed to close down completely.  

It’s feared that roughly 26,000 full-time positions and close to 150,000 freelance roles within the live music industry might soon be lost if the virus crisis goes on and those people aren’t able to access any direct government support.

The live music sector is estimated to have contributed around £4.5 billion to the UK economy in 2019 but revenues nosedived in 2020 as the pandemic made staging live events so much more difficult and, in most cases, logistically impossible.

Keith Tully

Keith Tully

Join Keith Tully on Linked In Follow Keith Tully on Twitter

Keith has been involved in Business Rescue since 1992, during which time he’s worked for both independent and national firms. His specialties include company restructuring matters and negotiating with HMRC on his clients behalf.

Meet our Team of Experts
Director Support - Business suffering from Cash-Flow Problems?
If your company is financially distressed, we also offer the below services:
Business debt recovery

  • Recover Unpaid Invoices of £5k+
  • Expert Credit Control Services
  • Stop Late Payers & Bad Debts
Visit Site
Time to pay experts

  • Get Breathing Space with HMRC
  • Support with Business Tax Arrears
  • 35 Years HMRC Negotiation
Visit Site
UK Business Finance

  • Rejected for a CBILS Loan?
  • Get Emergency Business Funding
  • Supporting 1000+ UK Companies
Visit Site
Who we help
  • Company Directors
  • Finance Directors
  • Sole Traders
  • Accountants
  • Small Businesses
  • Large Businesses
  • Partnerships
Contact our team
Jonathan Munnery
Gillian Sayburn
Julie Palmer
or Find your Nearest Office

Here at Real Business Rescue we take your privacy seriously and will only use your personal information to contact you with regards to your enquiry. We will not use your information for marketing purposes. See PRIVACY POLICY

Business Rescue Advice for Directors
Free Guide for Limited Company Directors
Business Rescue Advice for Directors
  • How to manage company cash flow problems
  • Advice on dealing with HMRC
  • Understanding rescue and closure options
  • And much more...
Free Guide Download
Dealing with your Insolvent Clients
Business Rescue Guide for Accountants
Dealing with your Insolvent Clients
  • Helping you advise insolvent clients
  • Spotting signs of client distress
  • Exploring business rescue options
  • And much more...
Free Guide Download
Our numbers speak for themselves
Number of UK Offices
Directors Helped
Licensed Insolvency Practitioners

This site uses cookies to monitor site performance and provide a more responsive and personalised experience. You must agree to our use of certain cookies. For more information on how we use and manage cookies please read our PRIVACY POLICY