The Government has done a U-Turn and are now offering a 15% cut to business rates in April. Rates will then be frozen for two years. It’s not quite the same as reinstating the business rate relief of 70% from the current 40% but it’s something.

Mark Davyd from the MVT said:

“We will be exploring with our Music Venues Alliance venue members if the proposed 15% reduction in rates payable, followed by a freeze for 2 years, is sufficient to manage this crisis.”