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The NTIA has expressed “profound” dismay over recent CGA figures that revealed a total of 67 nightclubs closed in the first three months of 2024, equating to roughly five closures per week.
Of these closures, nearly four on average were independently run, totalling 48 independent closures and 19 managed or tenanted establishments.
This decline represents a “concerning trend”, the NTIA has highlighted, with independent nightclubs experiencing a 40% decrease over the last four years.
In the last year alone, the UK also saw the permanent closure of 81 nightclubs, marking a significant 10% decline. Among these closures were 59 independent venues and 22 managed or tenanted establishments.
CEO of the association, Michael Kill, emphasised the cultural and social significance of nightclubs as integral components of the UK’s nightlife.
He also lamented the rapid pace of closures, revealing that the country has been losing just under 10 nightclubs per month, with over two closures occurring every week since March 2020.
Kill said: “The decimation of our nightclub industry is a national tragedy. Without immediate intervention and meaningful support from policymakers, we risk irreparable damage to our cultural heritage and the fabric of our communities.
“The government must consider a VAT cut through fiscal intervention prior to the general election, businesses cannot wait!”
