The MVT has raised more than £2 million through a fundraising campaign to support venues (Matt Crossick/PA)There will be mass closures of music venues unless the Government steps in to provide a £50 million cash injection to the sector, a charity has said. The Music Venue Trust (MVT) has warned more than 90% of grassroots venues are facing permanent closure before the end of September as a result of the coronavirus pandemic. The organisation, which represents grassroots venues, is also calling for a cut to VAT on ticket sales for the next three years for venues and promoters in order to aid the sector’s recovery. The MVT has raised more than £2 million through a fundraising campaign to support venues. Music venues are entitled to Government support such as the furlough scheme and loans.

Source: Irish Independent June 19, 2020 12:00 UTC