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Ensure future fiscal policy provides long-term certainty for GMVs, tapering any business rates relief reduction.

Recommendation
We welcome the Government’s decision to extend business rates relief for grassroots music venues until the end of the 24/25 billing year. However, while we understand that the conventions around Budget announcements are well-established, this continued uncertainty creates a new cliff-edge for the already precarious grassroots music sector. We recommend that Government should ensure that any future fiscal policy decisions relating to grassroots music venues gives venues certainty and long- term security. If the Treasury intends to end business rates relief for GMVs, the reduction in relief should be tapered in order to avoid an immediate shock to the sector. (Paragraph 64) Public funding
Government Response

A response document is linked to this report, dated 14 November 2024. Response attribution to this recommendation has not been verified. Read the response document.

Addressee Bodies
Department for Culture, Media and Sport
Timeline
Recommendation age 2.3 yrs
Report published 11 May 2024