35 independent nightlife businesses are lost each week, claims NTIA
nme.com30 per cent of nightclubs have shut their doors permanently since 2020, with the Midlands and the North seeing the most losses.Michael Kill, CEO of the NTIA, issued a statement saying: “These figures are not just numbers; they represent the livelihoods, dreams, and cultural heritage of our communities.
The night time economy, which includes a thriving ecosystem of independent businesses, has been disproportionately affected by the pandemic and cost inflation.
The decline in independent businesses is a stark indicator of the immense challenges faced by those who contribute to the vibrancy and soul of our nighttime culture.”He further called upon the government to evaluate the upcoming autumn budget and “provide proportionate support that will safeguard the future of these independent businesses.
The night time economy is an essential part of our national identity, and it is at risk of fading into the shadows without immediate intervention.“To secure the survival of these vital businesses, we urge the government to extend the current business rates relief and reduce the VAT to 12.5 per cent.
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