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The Night Time Industries Association (NTIA) has expressed its concern over the number of nightclubs that have closed down in the last three years.<\/p>\n
Statistics from data and insight consultancy CGA demonstrated that there are only 1,130 nightclubs currently open in the UK, a significant decrease compared to pre-pandemic.<\/p>\n
The data showed that the Midlands and the North have been hit the hardest with independent businesses and venues being lost. According to the NTIA, the night time economy across the UK generates \u00a3112bn ($137bn\/\u20ac134bn) in revenue per annum, which equates to 6% of the UK\u2019s total.<\/p>\n
Reasons for the decline in nightclubs include debt from the COVID-19 pandemic, growing energy bills, workforce challenges, supply chain issues and prices, increased insurance premiums, landlord pressures and product cost increases.<\/p>\n
These reasons coupled with consumers having less disposable income means that there are slower ticket sales for night time events and fewer visitors.<\/p>\n
Michael Kill, chief executive of the NTIA, said: \u201cLate night economy businesses were one of the quickest sectors to rebound during the financial crash many years ago, harbouring an abundance of resilience and entrepreneurial spirit.<\/p>\n
\u201cIt\u2019s without a doubt that these businesses, particularly nightclubs, have a huge part to play in the regeneration of high streets in towns and cities across the UK.<\/p>\n
\u201cBeyond the generation of footfall through trade, domestic and international visitors to clubs support the local economy in secondary and tertiary purchases through accommodation, travel and retail.\u201d<\/p>\n
Kill added: \u201cIt is also key to recognise that these businesses play a key part in people\u2019s decision making process from choosing a university or college to influencing investment choices for businesses relocating or expanding, to accommodate for a young workforce. Not forgetting the important part they play in people\u2019s, physical, mental and social well being.<\/p>\n
\u201cThe Government needs to recognise the economic, cultural, and community value of clubs and the wider night time economy. We must protect these businesses, using every means possible, and recognise their importance before it\u2019s too late.\u201d<\/p>\n
Labour\u2019s Shadow Levelling Up Secretary, Lisa Nandy, said: \u201cEvery single town has a lost nightclub they feel very strongly about,\u00a0that was part of our history and our heritage.\u201d<\/p>\n