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Music Venue Trust announce 89% success rate for Grassroots Music Venues applying to Culture Recovery Fund

With both rounds of the UK government’s Cultural Recovery Fund now announced Music Venue Trust (MVT) has announced an 89% success rate for grassroots music venue members of the Music Venues Alliance (MVA) who applied for funding.

291 grassroots music venues applied to the fund with 251 successful outcomes (89%) and 33 unsuccessful applications (11%)

The total amount awarded to MVA grassroot music venue members was £41,352,593 out of an overall distribution of £334,062,243 across the two rounds, which equates to 12.4%.

In total 1974 organisations received funding and 13.1% of successful applications from all disciplines across the entire fund were made by MVA grassroots music venue members

Mark Davyd, CEO of Music Venue Trust said, “Music Venue Trust warmly welcomes this very effective intervention by The Department for Culture, Media and Sport and Arts Council England into the grassroots music venue sector. As a result of this fund, the challenges facing the sector have been substantially reduced. Music Venue Trust will now shift its focus and will be announcing plans very shortly to tackle the remaining challenges facing sole traders, smaller venues that did not qualify for support, and the venues who were unsuccessful or were under-funded.”

Please go to Music-News.com Underground-Release-Industry News to read full article.

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Please go to Music-News.com Underground-Release-Industry News to read full article.