The number of small venues shrank by just nine in 2025, but more than half of them reported making no profit, while employment in the sector dropped almost 22%
They’ve just increased alcohol taxes and high street business rates for pubs which would be amplified for particularly for venues - they necessitate a significant square footage to accommodate attendees, and they are only retaining about 12p per alcoholic drink sold. Therly are devaluing land this year for business rates as well which will increase charges even more.
Regulatory and taxation pressures? Wouldn’t it be mostly due to rising rent prices?
They’ve just increased alcohol taxes and high street business rates for pubs which would be amplified for particularly for venues - they necessitate a significant square footage to accommodate attendees, and they are only retaining about 12p per alcoholic drink sold. Therly are devaluing land this year for business rates as well which will increase charges even more.
That must be a mere fraction compared to just the sheer rent increases though