One in five UK nightclubs have closed in the last three years

nme.com:

CEO of NTIA Michael Kill said in a statement: “Late night economy businesses were one of the quickest sectors to rebound during the financial crash many years ago, harbouring an abundance of resilience and entrepreneurial spirit.“It’s without a doubt that these businesses, particularly nightclubs, have a huge part to play in the regeneration of high streets in towns and cities across the UK.”“Beyond the generation of footfall through trade, domestic and international visitors to clubs support the local economy in secondary and tertiary purchases through accommodation, travel and retail.He continued: “It is also key to recognise that these businesses play a key part in people’s decision making process from choosing a University or College to influencing investment choices for businesses relocating or expanding, to accommodate for a young workforce.”“Not forgetting the important part they play in people’s, physical, mental and social well being.”He concluded: “The Government needs to recognise the economic, cultural, and community value of clubs and the wider night time economy.

We must protect these businesses, using every means possible, and recognise their importance before it’s too late.”Labour’s Shadow Levelling Up Secretary, Lisa Nandy, said that reopening formerly loved nightclub spaces in struggling towns and city centres could help to revive the high streets and boost the economy.“Every single town has a lost nightclub they feel very strongly about – that was part of our history and our heritage,” she said.The impact of the COVID pandemic on the country’s nightlife sector has caused many establishments to face financial issues.