• 2 hours ago
New research by the Nighttime Industries Association has revealed that the UK could see nightclubs go extinct by 2029. Over the past four years, the UK has seen 37% of its nightclubs close; this works out at about 10 clubs closing each month.

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00:00The Nighttime Industries Association has been aware that a number of areas from our industry
00:11are slowly eroding away as a result of lots of different forces and reasons and policies.
00:17And so it was important for us to undertake a big piece of research to get a full picture
00:22of what we're dealing with.
00:24What is the general sector's kind of outlook following the budget for the nighttime sector?
00:31The Chancellor's announcement on Wednesday was hugely infuriating for not just the nighttime
00:37economy but also culture and hospitality.
00:39So I think we are going to see unfortunately more businesses go to the wall.
00:45We are likely to see people still being very careful with their money.
00:50There are still a lot of challenges on day-to-day costs and so for us we didn't take anything
01:00positive from the budget other than our workforce, our labour pool, may have a little bit more
01:06money in their pocket.
01:08Michael Kill, the CEO of Nighttime Industries Association, said minimum wage hikes may seem
01:12like a win for workers but for small nightlife and hospitality businesses already stretched
01:17thin, it's at breaking point.
01:19He went on to say that the fear across the sector is real and should not be ignored.
01:24This isn't just about bricks and mortar, this is about people's livelihoods.
01:27This is about artistic excellence in our cities, it's also about community cohesion and that
01:33economic contribution to the UK's top level economy.
01:37So from our perspective there is a lot more here to lose than just venues like clubs and
01:42music venues.
01:44This really is about a significant slice of the UK's workforce, we're the fifth biggest
01:51industry in the UK and it isn't just about the spaces that we meet up and dance but it's
01:55the industry that's at stake here.

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