Music Venue Trust Announce 89% Success Rate for Grassroots Music Venues Applying to Culture Recovery Fund
With both rounds of the UK government’s Cultural Recovery Fund now announced, Music Venue Trust (MVT) has announced an 89% success rate for Grassroots Music Venue members of the Music Venues Alliance (MVA) who applied for funding.
292 Grassroots Music Venue applied to the fund with 259 successful outcomes (89%) and 33 unsuccessful applications (11%).
The total amount awarded to MVA Grassroots Music Venue members was £41,352,593 out of an overall distribution of £334,062,243 across the two rounds, which equates to 12.4%.
In total 1974 organisations received funding and 13.1% of successful applications from all disciplines across the entire fund were made by MVA Grassroots Music Venue members.
Mark Davyd, CEO, MVT
Music Venue Trust will now shift its focus and will be announcing plans very shortly to tackle the remaining challenges facing sole traders, smaller venues that did not qualify for support, and the venues who were unsuccessful or were under-funded.”