£4 billion contributed to the economy by live music fans

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Recording industry organisation, UK Music, says that the number of attendances at live music venues reached 30.9 million last year; generating £4 billion for the economy.

Some thoughts from Alice:

In these uncertain times, where social wounds are yet to heal following recent tragic events, it is inspiring to see that the UK has not let fear overpower the hunger and passion for live music experiences.

From the Beatles and David Bowie to Oasis, and more recently, Adele, Coldplay and Ed Sheeran, UK music acts have consistently attracted a global following throughout history.

Whether your preference is Glastonbury, Reading or the Isle of Wight, the UK’s festival circuit has an unbeaten international reputation that draws in musically-driven tourists, as well as our own domestic audiences.

Our society’s multiculturalism is utilised to create home-grown new genres and hybrids, such as grime, punk and brit-pop.

British music culture is truly something for this country to be proud of, and it’s completely unsurprising that we’re using immersive live music experiences to uplift us.    

The major value of the Music Industry to the UK Economy is expressed in this report, but to me, it also reveals how robust and determined our live music fans are – no matter how difficult things may seem, us Brits will always have it in us to pop down to our local venue or spend a long weekend in a muddy field supporting something that we love.

This does not, however, detract from the real and on-going concern regarding the erosion of small, grassroots venues. The MIA continues to support The Music Venue Trust in its mission to protect these wonderful, critical venues.

Anyway, on with the facts:

The third annual ‘Wish You Were Here’ report by UK Music reveals more people than ever are enjoying live music events and that music tourism is responsible for a record contribution to our economy.

The report is compiled by Oxford Economics and shows that attendances were up 12 percent from 2.7 million in 2015. Revenue generated was also calculated to have risen by 11 percent from £3.7 billion to £4bn. This takes into account spend on tickets, food, travel and accommodation.

The number of ‘music tourists’ increased from 10.4m in 2015 to 11.6m in 2016, with overseas visitors up 7 percent to 823,000

Other figures in the report show there were 27m attendances at concerts and 3.9m at festivals.

Read the full report here, along with some thoughts from Michael Dugher (newly appointed CEO of UK Music), Karen Bradley (Secretary of State for Culture, Media and Sport) and more.

http://www.ukmusic.org/

http://musicvenuetrust.com/