The survey was released to 200 businesses—including pubs, clubs, bars and live music venues—across the UK, which currently remains under lockdown. Here are the key findings:
• Businesses expect to be operating between 40 and 43 percent capacity once the lockdown has been lifted.
• At this reduced rate of capacity, 63.8 percent of businesses don’t expect to be financially viable and will need to seek financial support.
• The average cost of restarting a business post-lockdown will be £31,131, rising to £50,000-plus for nightclubs and suppliers.
• Businesses predict only 55 percent of the hospitality workforce will return.
• 93.8 percent of nightlife business owners are “concerned” that social distancing will spell financial ruin.
• 70.8 percent of business owners think the public perception and negative connotations surrounding COVID-19 will have a lasting effect.
Ahead of the lockdown lift, tentatively slated for July 4th, the nightlife industry has also requested a three-week notice period from the UK government so it can mobilise staff and suppliers. All UK clubs currently remain closed.
Nightlife is the UK’s fifth biggest industry, representing 8 percent of jobs and bringing in £66 billion per year.
Follow our rolling news coverage on the coronavirus’s impact on electronic music here.
Photo credit: Danny Seaton