saved cultural 140 spaces so far, but the MVT warns that the government must provide the injection to prevent lasting damage to the live sector.In addition, they are also proposing a one-off cut in VAT on ticket sales for venues and promoters across the next three years to help ease the intense financial pressure on the sector.Mark Dayvd, CEO of Music Venue Trust, said: “When we eventually emerge from lockdown, grassroots music venues, the absolute bedrock, the foundations, the cornerstone on which our world beating £5.2 billion per year industry has been built, are going to be essential to live music bouncing back.“It is therefore economically short sighted and frankly ridiculous to put a £5 billion a year industry at long term risk for.