The number is 69,000 in total. Due to the crippling financial devastation that COVID caused on the music industry and UK Music, it’s certainly Project Revitalise for our music industry as we long for the return of the numbers we once pre-COVID in 2019.
With hundreds of festivals and music events cancelled and/or postponed – with no valid insurance scheme to fall back on – a wave of job losses surged through with the uptake simply being too much for small to medium promoters and event organisers.
As predicted, the slump was hit the hardest with the live music sector which saw revenues collapse overall by 90% to a mere thousand pounds.
“We have listened carefully to UK Music’s arguments about a market failure regarding events insurance,” said Nadine Dorries, the culture secretary. “The UK music industry is one of our country’s great national assets, and I give my commitment that the government will continue to back it every step of the way.”
That may be all well and good but with many insurance schemes and crisis funds coming far too late for many, will a financial release from the Government be enough this time around?
Our music industry is slowly beginning to revitalise itself with the mass sprawls of major festivals returning, international artist tours rekindling music venues and with it, comes the investments of music consumption. But revitalisation as always, starts with you. What will you do to help our UK music industry?