New research published today shows that over 26,000 permanent jobs will be lost in the live music industry before the end of the year if Government support is withdrawn. In addition, 144,000 FTE roles, including self-employed and freelance workers, will have effectively ceased to exist by the end of 2020.
Revenue into the industry has been almost zero since March and 2020 with a fall of 81% compared to 2019. This is four times the national UK average, where reductions across industries run at around 20%.
The “cliff edge” being faced by live music’s workforce is revealed in independent research conducted by Chris Carey and Tim Chambers for Media Insight Consulting. The report also reveals the positive impact of the Culture Recovery Fund, which has offered a lifeline to a range of businesses in the live music industry, but this is tempered by 80% of employees still being reliant on the furlough scheme which ends this month.
The research, carried out on behalf of LIVE, the umbrella group representing the live music industry, found:
- In 2019 live music supported 210,000 full-time equivalent roles, as well as tens of thousands of freelancers.
- In 2019, live music contributed £4.5 billion to the UK economy.
- In 2020, revenue in the live music business will fall by 81%, and revenue has been close to zero since March.
- 76% of live music employees were utilising the furlough scheme, as of Aug 31st, 2020.
- 50% of permanent roles will be lost by the end of the year (26,100 jobs), while temporary and freelance roles have already been decimated.
- The Culture Recovery Fund has had a significant impact, safeguarding around 10,000 at-risk employees (this is reflected in the headline statistics).
Following the lockdown in March, and the ongoing Government restrictions on venues and events, many of those working within the live music sector have received no income at all. The new Tier 2 and 3 restrictions put further limitations on the sector reopening, though the sector is currently excluded from the Government’s Extended Job Support Scheme.
The recent indication from the Prime Minister that severe restrictions could be in place for a further six months will mean a full year with next to no live music or revenues. Yet in the Government’s latest financial support measures, those businesses most impacted by those Government restrictions, that cannot continue to profitably operate, stand to be supported the least.
The industry is calling on the Government to ensure that it can benefit from the Extended Job Support Scheme, recognising that it too is closed due to Government regulation and guidance.