General national economic measures
 
  • SME business interruption loan scheme - 12-month interest free - via banks (subject to application) 

  • larger business interruption loan scheme – via banks (subject to application) 

  • small business rates relief, including for hospitality, retail and leisure businesses 

  • business support grants in England, including for hospitality, retail and leisure (for rate-paying businesses) 

  • Income tax (self-assessment) relief (deferred payments) and payment assistance 

  • VAT relief (deferred payment) 

  • salary and sickness pay support for businesses for PAYE employees 

  • self-employed salary support scheme 

  • lower interest rates (general) – note: not yet being passed through to businesses 

  • loan repayment holiday (subject to banks’ own schemes) 

  • mortgage repayment holiday (subject to banks’ own schemes) 

  • protection for renters against eviction (unclear if available to commercial renters) 

  • short term debt purchase facility (for investment-grade businesses) 

  • extension of Universal Credit scheme for unemployed, low earners and self-employed 

  • further devolved government support in Scotland, Wales, Northern Ireland 

 

More info:   

 

- The UK government has set out a package of temporary, targeted measures aimed at supporting public services, people and businesses through this period of disruption caused by COVID-19. This includes a package of measures to support businesses including:

  • Government backed loan scheme for small business:

    • ​Coronavirus Business Interruption Loan Scheme (CBILS) is available for SMEs through more than 100 accredited lenders across the UK. This scheme has been extended until 31st of March 2021. See here for more information.

    • Bounce Back Loan Scheme (BBLS): a 100% government backed loan scheme for small business to enables them to access finance more quickly during the coronavirus outbreak. It has been extended until 31st of March 2021 See here for more information.

  • Self-employed Business Support Scheme : The scheme provides critical support to the self-employed in the form of two grants, each available for three month periods covering November 2020 to January 2021 and February 2021 to April 2021. Find out more here.

  • Self-employment and Universal Credit - Universal Credit is a monthly payment to help with your living costs. You may be able to get it if you’re on a low income, out of work or you cannot work. Find out if you’re eligible for Universal Credit. If you live in Northern Ireland, go to Universal Credit in Northern Ireland.

  • Job Retention Bonus: a £1,000 one-off taxable payment to the employer, for each eligible employee that you furloughed and kept continuously employed until 31 January 2021. You’ll be able to claim the bonus between 15 February 2021 and 31 March 2021. Find out more here

  • The Coronavirus Job Retention Scheme has been extended until the end of April 2021 with the government continuing to contribute 80% towards wages. See here for more.
  • Limited local furloughing: which will operate where businesses are forced to close due to local lockdowns. Find out which employees you can put on furlough and claim for through the Coronavirus Job Retention Scheme.

  • Business owners affected by the pandemic will be protected from eviction until the end of March 2021. Read more here.

  • HMRC's tax:

    • ​If you did not make a Self Assessment payment on account due in July 2020, your payment deadline will have been delayed (deferred) until 31 January 2021. You do not have to contact HMRC and will not have to pay a penalty. Contact the HMRC coronavirus (COVID-19) helpline if you cannot pay any other tax bills because of coronavirus.

    • If you cannot pay your Self Assessment tax bill - You can set up a payment plan to spread the cost of your latest Self Assessment bill if you meet the following requirements:

      • you owe £30,000 or less

      • you do not have any other payment plans or debts with HMRC

      • your tax returns are up to date

      • it’s less than 60 days after the payment deadline.

  • Guidance for Scotland, Wales and Northern Ireland

    • ​View the latest guidance on coronavirus for businesses in Scotland.

    • View the latest guidance on coronavirus for businesses in Wales.

    • View the latest guidance on coronavirus for businesses in Northern Ireland.

 

- Government amended insolvency law to help companies keep trading: under the plans, the UK’s Insolvency Framework will add new restructuring tools to give companies breathing space and keep trading while they explore options for rescue. The proposals will also include key safeguards for creditors and suppliers to ensure they are paid. The Insolvency Act will be temporarily suspended specifically to give confidence to directors to continue trading without the threat of personal liability, should the company ultimately fall into insolvency.

For the latest information and advice, employers and business owners can visit the government's dedicated page.

- Business Rate Relief: the Treasury have published guidance on the expanded Business Rates relief which includes live music venues, shops, restaurants, cafes and bars

 

- Request for business intelligence: The Government is closely monitoring developments in relation to potential economic impacts on the UK economy and individual businesses and supply chain: https://www.gov.uk/coronavirus  

 

- Bank of England measures to respond to the economic shock from COVID-19: The Bank of England launched a comprehensive package of measures to help UK businesses and households bridge across the economic disruption associated with COVID-19. Interest rates have been reduced from 0.75% to 0.1% and additional funding will be available for banks to increase lending, especially to SMEs. https://www.bankofengland.co.uk/news/2020/march/boe-measures-to-respond-to-the-economic-shock-from-covid-19  

- The UK national association of independent labels (AIM) has contributed to the publication of back to work guidance for recording studios, rehearsal spaces music video shoots and capture for live streaming: see here.

National measures specific to the music sector or to culture in general 

In July 2020, the UK government announced a £1.57bn support package for Britain's arts and culture sector, in a package that includes struggling music venues (see here). Following up on that, on 25th July, the government released a £2.25m emergency package to save grassroots music venues. Up to 150 venues across the country are expected to benefit from the pot, which is the first portion of funding from the £1.57 billion support package.

Organisations were able to apply for the second tranche of funding until 26th January 2021. Moneys will be received during during April-June 2021. £250 million were available in total for this second round of funding.

The Mayor of London announced a £2.3m emergency fund for culture (see here).

De-confinement process

Covid-19 measures and restrictions in the country can be found on the government's website.

Measures taken by local collecting society organisations 

 

- PRS for Music have announced an immediate PRS Emergency Relief Fund in partnership with  PRS Members' Fund  and  PRS Foundation to support members during the Coronavirus pandemic. Read more  here

-  On 27th March 2020, PPL announced £87.6M Q1 distribution and additional measures to help the music community:  https://www.ppluk.com/ppl-announces-876m-q1-distribution-and-additional-measures-to-help-the-music-community/   

- On 15th April 2020, PPL has announced that it has pledged to contribute to existing music industry hardship funds for a total of £700,000:

  • £500,000 to the Help Musicians Coronavirus Financial Hardship Fund

  • £100,000 to the Musicians' Union Coronavirus Hardship Fund

  • £100,000 to the AIM COVID-19 Crisis Fund

Other music funds 
  • AIM Launched a £1m Immediate Access Crisis Fund for Independent Music Contractors: https://www.aim.org.uk/#/news/aim-launches-1m-immediate-access-crisis-fund-for-independent-music-contractors

  • BPI launched £1.5m Covid-19 hardship fund backed by UK music industry (see here).

  • Arts Council England - www.artscouncil.org.uk/covid19£20 million available for artists, creative practitioners and freelancers. Artists and creative practitioners are able to apply for grants of up to £2,500 if they have a track record in publicly funded culture. Note that money from other Arts Council funds has been diverted to the Coronavirus fund. 

  • Musicians Union Coronavirus Hardship Fund: "£1M fund for MU members with genuine and pressing hardship" - www.musiciansunion.org.uk/hardshipfund 

  • Help Musicians launched the Coronavirus Financial Hardship Fund, specifically created to alleviate some of the immediate financial pressures that many professional musicians are facing. The fund of £5m aimes to help reduce the worry many musicians are experiencing about their mounting household expenses. 

  • Eligible musicians are able to apply for a one-off payment of £500 through an online form. 

  • Creative Scotland launched two funding programmes 27 March 2020 - the Bridging Bursary and repurposed Open Project Fund - to enable individuals and organisations to sustain their creative work and practice in these extremely challenging times - www.bit.ly/2xnJIv6  

  • Welsh Government & CreativeWales’s  Grassroots Music Relief Fund (GMR )  has been create d to assist the music industry during the  challenges surrounding the COVID-19 outbreak. 

 

Support from online services 

 

No specific support for the UK so far. For other initiatives by online services, click here

Support from national radio and other media 

 

BBC support for SXSW shows. Find out more

Social media and other campaigns to promote music during the crisis 

 

- Campaign to support Independent Records Store: www.loverecordstores.com 

- Music Venues Trust’s open letter (see here): an Open Letter to Boris Johnson to cancel the Festival of Britain 2022 and use the £120 million investment to save grassroots culture. More info here

 

- Music  Venue  Trust  is asking the wider  music  industry to step up and help in:

  1.  They have launched the  Grassroots  Music  Venue Crisis Fund to raise £1 million for MVT's Emergency Response legal service, which (with a track record of 98% success) will use legal and financial support to prevent these closures. (Small donations can be made here, or for major donations, contact Beverley Whitrick –beverley@musicvenuetrust.com, 07809 155 388) 

  2. They are launching an  Adopt-A-Gig  scheme. For this, they were recruiting high-profile artists with exceptional social media reach who  can commit to a one hour online event (gig, Q&A, anything) specifically dedicated to raising money for one individual venue in crisis. ​

  3. On 26th April, they also launched the #saveourvenues campaign aimed at artists, fans & the music industry to support music venues throughout the UK as they continue to face economic threat. More here http://saveourvenues.co.uk

- #MusicBusinessAdvice: AIM and other organisations have adopted an industry-wide hashtag to bring together advice for the music industry. Follow #musicbusinessadvice and use it to share something useful you’ve found. See the announcement here

- #Virtualpint campaign: a crowdfunding campaign aiming to raise £5,000 to help independent venues, pubs and arts spaces stay in business: 

https://www.justgiving.com/crowdfunding/virtualpints

- AIM is lobbying UK government that independent music and culture must be prioritised as hard-hit sectors. The EU's rescue plan (including 37bn euros under the Coronavirus Response Investment Initiative) came into force on 1st April 2020. The aim was mainly to support member states regarding healthcare, small business and other parts of the economy. It mobilised unused monies from EU structural and investment funds and will be spent nationally. On top of this, around EUR 180 billion (1% GDP) were made available for 2020 to allow governments to make tax cuts and or spend more to support unemployment and other costs.

Local programmes supported by EU funds covering music 

 

None. The UK government narrative is to not to move the transition period end date for UK to exit the EU and membership of Creative Europe and other programmes is expected to cease at that time. 

Business and other expected losses 

 

The Government is closely monitoring developments in relation to potential economic impacts on the UK economy and individual businesses and supply chain.  

The Department for Business, Energy and Industrial Strategy seeks business intelligence on how COVID-19 is impacting individual businesses and business sectors.  More specifically: 

  • The impacts across supply, demand and labour markets 

  • Actions being taken by firms to address these impacts 

  • Any gaps in the Government response from your perspective 

Please send this information to  intel@beis.gov.uk.  We understand that individual company information may be commercially sensitive, and it will be treated accordingly. You can find all updated information produced by the Department for Health and Social Care and Public Health England  here. 

Creative Industries Federation Survey: here

 

UK Music Union Covid Survey – This questionnaire informs this year’s  Music  By Numbers report, which launched on 14 April 2020. The UK Musicians Union covid surveys revealed the following:

-Since March 2020, the MU has conducted three impact polls to get data on the impact of Covid-19 on musicians and support lobbying work.

-The first and second Covid-19 impact polls, which revealed that 38% musicians are falling through gaps in support and 19% were considering leaving the profession, were instrumental in making the case for the Self Employment Income Support Scheme.

-The latest Covid-19 impact poll reveals that 34% are considering abandoning their career in music, while 37% are not sure.

- 47% musicians have been forced to look for work outside them music industry

- 70% are unable to undertake more than a quarter of their usual work

- 36% musicians do not have any work at all

-With the Government’s job retention schemes coming to an end:

· 65% musicians are facing financial hardship

· 87% musicians will be facing financial hardship as a result of the Government’s income support schemes ending in October 

· 87% musicians will be earning less than £20,000 this year – well below the UK average income of £29,600

-As a result, 88% musicians do not think that the Government has done enough to support musicians during the pandemic.

-UK Live Music Group Estimates COVID-19 Damage At $1.1B: more than 550 grassroots music venues (82% of the total) are at immediate risk of closure, a development the UK's Music Venue Trust is trying to prevent with a crisis fund and a campaign dubbed #saveourvenues, which has raised $1.5 million in its first week. (see here).


-A survey (also mentioned in the above article) conducted by the Association of Independent Festivals (AIF) back in May found that 92% of its members were facing collapse.

In its "Music in Numbers" report published in November 2020, UK music estimates that 85% of live revenue and 65% of music creator's income (rising to over 80% for those most dependent on live performance and recording studio work) will be lost in 2020. (see here)

For more info:

 

AIM - Association of Independent Music - https://www.aim.org.uk/#/resources/covid-19-coronavirus---aim-member-faq

United Kingdom