The Music Venue Properties Scheme Allows Fans To Invest in Struggling UK Music Venues

“[E]thical investors and music fans” now have the chance to protect these establishments.

Music 
1,359 Hypes 0 Comments

The Music Venue Trust (MVT) has unveiled a plan that allows fans to invest in several struggling music venues in the UK, giving these places the opportunity to stay afloat.

According to reports, the Music Venue Properties scheme’s first order of business is a goal to raise £3.5 million GBP in order to purchase a total of nine venues this 2022, namely The Ferret in Preston, The Snug in Atherton, Le Public Space in Newport, The Glad Cafe in Glasgow, The Hairy Dog in Derby, Sunbird Records in Darwen, The Polar Bear in Hull, The Palladium in Bideford and The Bunkhouse in Swansea.

Mark Dayvd, CEO of MVT, called the plan the “most ambitious initiative” the charity has ever tackled, and that it will provide the venues a form protection with “ethical investors and music fans.” He further explained that the UK has lost more than a third of its venues over the past two decades and that over 90% of those still standing only had 18 months left in their tenancies. “The long-term security and prosperity of grassroots music venues depends almost entirely on one thing – ownership,” Davyd shared. “Too many have been at the mercy of some commercial landlords whose motivations revolve primarily around profit. We are at the cliff edge and could see the decimation of our sector if we don’t do something radical about it.”

Several venue execs have opened up about the plan, with The Snug event manager Ben Morgan sharing that having “a landlord and partner we know has our interests at heart will mean we can push our limits further,” while Polar Bear Music Club promoter Daniel Mawer added that the venue staff are now able to “build an exciting environment for our clientele to include themselves in, without having to prioritise on our survival as a music venue as much as we currently do.” The Palladium owner Ben Nigh further reiterated the importance of venues like his, saying that artists can use their establishments as “a stepping stone to give them a platform.”

Check out the official Music Venue Properties website for more info.

Elsewhere in music, Lupe Fiasco is teaching a rap course in MIT.

Read Full Article

What to Read Next

Logan Paul's New Company "Liquid Marketplace" Allows People To Invest in Shares of Rare Collectibles
Tech

Logan Paul's New Company "Liquid Marketplace" Allows People To Invest in Shares of Rare Collectibles

Powered by blockchain and crypto technology.

J Balvin Reflects on His Struggles Despite the Fame in New Single "Niño Soñador"
Music

J Balvin Reflects on His Struggles Despite the Fame in New Single "Niño Soñador"

Featuring a music video filled with clips before he was a big star.

Bad Bunny Ties the Knot in "Tití Me Preguntó" Music Video
Music

Bad Bunny Ties the Knot in "Tití Me Preguntó" Music Video

Featuring his real-life girlfriend.


Bob Dylan Sells Recorded-Music Catalog to Sony in Major Deal
Music

Bob Dylan Sells Recorded-Music Catalog to Sony in Major Deal

The agreement includes rights to several of the artist’s future releases.

Seth Green's $200K USD Bored Ape Yacht Club NFT, Who Was Set to Star in a Series, Gets "Kidnapped"
NFT

Seth Green's $200K USD Bored Ape Yacht Club NFT, Who Was Set to Star in a Series, Gets "Kidnapped"

The actor and producer is trying to reach out to the current owner.

Instagram Announces Full Visual Refresh
Tech

Instagram Announces Full Visual Refresh

Including a new logo, typfeace and more.

Tommy Chong Reprising His 'That '70s Show' Role for 'That '90s Show' Reboot
Entertainment

Tommy Chong Reprising His 'That '70s Show' Role for 'That '90s Show' Reboot

Hey man, Leo’s back!

Chrome Hearts Adds Chopsticks and Tape Dispensers to its List of Oddities
Design

Chrome Hearts Adds Chopsticks and Tape Dispensers to its List of Oddities

Arriving in cross and banner details.

Travis Scott to Donate Proceeds From Latest Nike Collab to Project HEAL
Footwear

Travis Scott to Donate Proceeds From Latest Nike Collab to Project HEAL

Reportedly putting millions into the initiative.


Porsche Taycan GTS Hockenheimring Celebrates the 90th Anniversary of the Track
Automotive

Porsche Taycan GTS Hockenheimring Celebrates the 90th Anniversary of the Track

Arriving in a Stone Grey body from Porsche’s custom color program.

Take an Official Look at the Nike Air Griffey Max 1 "Los Angeles"
Footwear

Take an Official Look at the Nike Air Griffey Max 1 "Los Angeles"

Honoring the LA Rams, Dodgers and Lakers all in one shoe.

Young Thug’s Lyrics Will Be Used as Evidence in Gang Indictment
Music

Young Thug’s Lyrics Will Be Used as Evidence in Gang Indictment

Further sparking the controversial use of rap lyrics in the court room.

Atelier Jørgensen's Mount Veeder Outpost Overlooks Wine Country
Design

Atelier Jørgensen's Mount Veeder Outpost Overlooks Wine Country

An unobstructed view of Yountville and Stags Leap.

eBay Launches its First NFT Collection
NFT

eBay Launches its First NFT Collection

Starring NHL legend Wayne Gretzky.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Looks like you’re using an ad-blocker

We charge advertisers instead of our readers. Support us by whitelisting our site.

Whitelist Us

How to Whitelist Us

screenshot
  1. Click the AdBlock icon in the browser extension area in the upper right-hand corner.
  2. Under “Pause on this site” click “Always”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the AdBlock Plus icon in the browser extension area in the upper right-hand corner.
  2. Block ads on – This website” switch off the toggle to turn it from blue to gray.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the AdBlocker Ultimate icon in the browser extension area in the upper right-hand corner.
  2. Switch off the toggle to turn it from “Enabled on this site” to “Disabled on this site”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the Ghostery icon in the browser extension area in the upper right-hand corner.
  2. Click on the “Ad-Blocking” button at the bottom. It will turn gray and the text above will go from “ON” to “OFF”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the UBlock Origin icon in the browser extension area in the upper right-hand corner.
  2. Click on the large blue power icon at the top.
  3. When it turns gray, click the refresh icon that has appeared next to it or click the button below to continue.
screenshot
  1. Click the icon of the ad-blocker extension installed on your browser.You’ll usually find this icon in the upper right-hand corner of your screen. You may have more than one ad-blocker installed.
  2. Follow the instructions for disabling the ad blocker on the site you’re viewing.You may have to select a menu option or click a button.
  3. Refresh the page or click the button below to continue.