Music Venue Trust’s (MVT) Music Venue Properties (MVP) board met recently to discuss the outcome of the ‘Own Our Venues’ campaign, which has raised £2.3m (€2.6m/$2.9m) from 1,261 individual investors. The board voted unanimously to move ahead with modelling the purchase of the first set of grassroots music venues. MVT set up the Charitable Community …
Music Venue Trust launches Music Venue Properties
Music Venue Trust (MVT) has set up a Charitable Community Benefit Society (CCBS), named Music Venue Properties (MVP), to help grassroots music venues by purchasing freeholds. MVP will then be able to lease the properties back to operators on a “friendly lease” with reduced rents and make contributions to insurance or repairs, as well as …