Mike Calls for Tax Breaks for Live Music Venues

Mike Weatherley, Conservative Member of Parliament for Hove and Portslade, and former Intellectual Property Adviser to the Prime Minister, has written to his colleague the Rt Hon George Osborne MP, Chancellor of the Exchequer, requesting the introduction of tax breaks for small and medium sized live music venues.

In his letter to the Chancellor, Mike said: “As you know, our music industry is an enormous asset to Britain both culturally and financially. At the heart of this success story are the incredibly valuable live music venues. I do not think that we can overestimate the value that live music brings to the lives of millions of people.

“Unfortunately, for many reasons it is becoming harder for smaller live music venues to be financially viable and, as a result, alarmingly the number of venues is going down. Quite simply, the support of government and local authorities is key to the success of live music venues.

“There is precedence of successful tax breaks for bands playing overseas and in other areas of entertainment (theatre/opera, for example, who also enjoy tax breaks and financial incentives), but not for the small and medium sized live music venues, which are the bedrock of all creative music talent.

Given the importance of live music venues in the career development of musicians and to our economy, I hope that you will seriously consider the introduction of tax breaks or other financial incentives in order to help stem the national challenges faced by live music venues.”

Commenting, Mike said: “Supporting live music venues is essential if we want to protect our musical heritage. Britain produces some of the best music in the world and it contributes hugely to our economy. I will continue to push for support for live music venue and hope that the Chancellor will seriously consider tax breaks or other financial incentives in order to support this important industry.”