COVID WIPED OUT A THIRD OF U.K. MUSIC JOBS: REPORT

The COVID-19 pandemic has wiped out 69k jobs in the British music industry, one-third of the workforce, according to a new report from trade body UK Music. Economic contribution fell by 46% last year.

This Is Music 2021 reveals that employment in music plunged 35% from 197k in 2019 to 128k in 2020. Sectors most affected were music creators (down 40%) and live music (down 35%).

In addition, the U.K. music industry’s economic contribution fell to £3.1b (GVA) from £5.8b, while music exports dropped 23% to £2.3b from £2.9b YOY.

“In a year when we’ve seen just how important music is to all our lives, it’s more important than ever that we take the necessary steps to protect, strengthen and grow the industry,” UK Music Chief Executive Jamie Njoku-Goodwin said in calling for swift government action to help the industry return to growth post-pandemic.

The org is asking for:

• Tax incentives for the music industry to stimulate growth and jobs
• Urgent action to remove barriers to touring the E.U.
• A permanent reduction in VAT rate on live-music-event tickets
• More funding and support for music exports
• Boosting funding for music education and for the self-employed to help secure the talent pipeline