Music Venue Trust has raised 75 per cent of its £2.5million target for #OwnOurVenues campaign

nme.com:

over 75 per cent of its £2.5million target to take public ownership of nine grassroots venues “but there’s only five days until its final deadline of March 30th to secure the remaining investment needed,” said the organisation.“#OwnOurVenues is the first step in a long-term campaign to take control of the freeholds of UK grassroots music venue premises and bring them under a protected status of benevolent ownership.”“The initiative is seeking to acquire nine venues in its first phase.

On completion of the purchase, the venues will be offered an immediate rent reduction and help contribute to building repairs and insurance, while also guaranteeing long-term security and market-resistant rents.”“Since its launch, hundreds of individuals, companies and organisations have already pledged their support to the project.”5 days to go!

Help us end one of the biggest problems facing Grassroots Music Venues: ownership. Find out how you support the #OwnOurVenues campaign now: Invest:https://t.co/3qJQ9BT0ZgDonate:https://t.co/dEucxqg2GRRead more here:https://t.co/1rv9jq5R08— Music Venue Trust (@musicvenuetrust) March 25, 2023Ed Sheeran previously voiced his support for the scheme, which he had invested money into. “Small, independent venues are so, so important to the music community, and I’ve played some of my favourite gigs of my career in these rooms.

We’ve got to do all we can to protect these beautiful venues that we’ve all come to love for years to come,” he said.To donate to the campaign, head here.