Ntia

Unstable climates: NTIA shares concern as nightclub closures rise (Credit:Getty/allanswart)

NTIA shares 'concern' as nightclub closures rise

By Rebecca Weller

More than 190 night-time economy (NTE) firms went into administration between April 2023 and March 2024, data from the Night-Time Industries Association (NTIA) has revealed.

Alarming rate: number of NTE firms in the UK drops by 15.5% (Credit: Getty/SolStock)

Number of NTE firms drops by 'staggering' 15.5%

By Rebecca Weller

The number of night-time economy (NTE) businesses in the UK has dropped by a “staggering” 15.5%, new research from Night-Time Industries Association (NTIA) has revealed.

Overcome challenges: NTIA CEO Michael Kill says collaboration is key to addressing late-night economy issues

OPINION

OPINION: Early closing taking a toll on night-time economy

By Michael Kill, CEO, Night-TIme Industries Association (NTIA)

The current economic environment is steering businesses, particularly pubs, to close earlier, sparking concerns about the future of the night-time economy.

Rally call: NTIA CEO Michael Kill has called for action on VAT from Chancellor Jeremy Hunt (right)

NTIA: 5,000+ call for VAT reduction to 12.5%

By Gary Lloyd

Calls for the Government to slash VAT down to 12.5% from its current 20% level in the Spring Budget have poured into MPs’ offices, according to the Night-Time Industries Association (NTIA).

Stark indicator: NTIA calls on Gov to reduce VAT for sector as more than 8,000 late-night firms lost since 2020 (Credit: Getty/fotoVoyager)

43 late-night firms vanishing per week

By Rebecca Weller

More than 8,000 businesses have vanished from the late-night sector since 2020, new figures released by the Night-Time Industries association (NTIA) have revealed.

Crucial to the area: many businesses suffered huge losses after Brixton Academy closed in December 2022 (credit: Getty/400tmax)

Brixton Academy to reopen under stringent conditions

By Gary Lloyd

A collaborative effort to reopen Brixton Academy has been hailed as key in the decision to allow the famous music venue to open its doors again, according to the Night-Time Industries Association (NTIA).

In the right direction: the NTIA says the drop in inflation is still way off the 2% target (credit: Getty/Jamie Garbutt)

Sector reacts to inflation rate drop to 6.8%

By Gary Lloyd

The Night Time Industries Association (NTIA) has voiced positivity over the fall in the inflation rate to 6.8% but said it is still “significantly” short of the Government’s 2% target.

Fear of terrorism threats voiced by NTIA and UKDSA

Fears over legislation void ‘risks threat of terrorism’

By Gary Lloyd

A refusal by the Government to implement legislation for security businesses is putting the sector at risk from terrorist threats, according to the Night Time Industries Association (NTIA) and the UK Door Security Association (UKDSA).

Ludicrous: Bank of England boss warnings to avoid price increases 'impossible' (Credit: Getty/ DNY59)

Advice to avoid price increases 'ludicrous'

By Rebecca Weller

Trade bodies across the sector have hit out at the Bank of England (BoE) Governor's “ludicrous” and “impossible” suggestion that firms should “stomach” cost increases.

Heart-breaking: late night sector has lost more than 4,000 firms since the start of the pandemic (Credit: Getty/ Flashpop)

Over 4,000 firms lost since start of the pandemic

By Rebecca Weller

The night-time culture economy (NTCE) has lost more than 4,000 businesses since the start of the pandemic and 33,000 jobs, a Night-Time Industries Association (NTIA) report has highlighted.

Heart-breaking: NTIA report shows 1 in 4 night-time economy businesses at risk of closure over the next 6 months (Credit: Getty/allanswart)

NTIA warns 1 in 4 NTE firms at risk in next 12 months

By Rebecca Weller

About one in four independent and culture businesses are at risk of “being lost” in the next six months, the second Night-Time Industries Association (NTIA) Night-Time Economy Report has revealed.

Growing frustration: hospitality businesses are being hammered by industrial action (Credit: Getty/MediaProduction)

Sector won't survive 'further austerity or crises'

By Rebecca Weller

The Government cannot “ignore the growing frustration and anger” of industrial action “hammering” businesses across the UK, the Night-Time Industries Association (NTIA) has stated.

Unscrupulously profiteering: NTIA joins calls for inquiry into energy supplier behaviour (Credit: Getty/Henrik Sorensen)

NTIA claims energy firms 'withholding' money

By Rebecca Weller

The Night-Time Industries Association (NTIA) has claimed energy companies have been withholding money and subsidy benefit from the Energy Bill Relief Scheme as well as excluding certain businesses from energy supply.

Crisis: NTIA poll shows more than 50% of businesses do not have enough cash reserves to survive early part of 2023 (Credit: Getty/ sturti)

50% of firms at risk in early 2023

By Rebecca Weller

More than 50% of businesses do not have the necessary cash reserves to survive the early part of 2023, a flash poll conducted by the Night-Time Industries Association (NTIA) has revealed.

Critical impact: Government has

Gov 'losing control' over rail strikes

By Rebecca Weller

The Government has “lost control” of “escalating” strike action as the hospitality sector continues to be “critically impacted”, the Night-Time Industries Association (NTIA) has stated.

Cultural and economic benefits: a new report has urged the Government to recognise the importance of the late-night sector (Credit: Getty/urbazon)

Gov urged to recognise club culture importance

By Rebecca Weller

A new report commissioned by the Electronic Impact Group in coordination with the Night-Time Industries Association (NTIA), B:electronic and the Association For Electronic Music (AFEM) has aimed to showcase the importance of electronic music and club...

Catastrophic impact: RMT announces further strike action to take place over festive period (Credit: Getty/coldsnowstorm)

Christmas rail strikes 'devastating'

By Rebecca Weller

Rail strikes over the festive period will be “catastrophic” for hospitality businesses more “reliant” than ever on Christmas trade to get through the first quarter of 2023, trade bodies from across the sector have said.

Lack of stability: NTIA claims UK is in recession as economy shrank in Q3 (Credit: Getty/atiatiati)

Trade body claims UK is 'in recession'

By Rebecca Weller

The UK is “in recession” as the sector continues to battle “onerous” rising costs, the Night-Time Industries Association (NTIA) has stated.

Vitally important roles: NTIA calls on major cities across the UK to establish NTE advisors (Credit: Getty/ alexkoral)

Support for UK NTE 'lagging behind' other countries

By Rebecca Weller

The Night-Time Industries Association (NTIA) has called for cities across the UK to build on the network of Night-Time Economy (NTE) Advisers in order to support the country’s nightlife.

Huge tragedy: two nightclubs a close amid soaring inflation (Credit: Getty/SolStock)

Gov 'ripping the heart out of nightlife'

By Rebecca Weller

The Government is “ripping the heart out of nightlife” with the number of nightclubs declining as businesses await the Chancellors budget that has already “failed them twice before”, the Night-Time Industries Association (NTIA) has stated.

General Election NOW: Hospitality reacts to Liz Truss' resignation (UK Parliament 2022)

Calls for general election as Truss resigns

By Amelie Maurice-Jones

A number of voices from the sector have rallied for a general election to save hospitality after Prime Minister Liz Truss stepped down yesterday (20 October) having served only 45 days in office.

Lost confidence: new chancellor must get up to speed with current policies to save time the sector does not have (Credit: Getty/PoppyPixels)

Gov 'all but lost confidence of the sector'

By Rebecca Weller

The Government must not delay the upcoming budget as it needs to take long-term look at what will “boost businesses and inspire confidence”, leaders from across the sector have stated.

Too little too late: despite initially positive feedback, the EBRS extension doesn't give enough financial headroom to aid sector's survival according to the NTIA (Credit: Getty/HJBC)

Energy bills discount 'too little too late'

By Rebecca Weller

Despite initially positive feedback from the sector, the Energy Bill Relief Scheme (EBRS) extension is “too little too late” for many businesses to survive, the Night-Time Industries Association (NTIA) has claimed.

Influx of complaints: pubs and late-night venues receiving more noise complaints post pandemic (Credit: Getty/Flashpop)

Night-time economy 'under attack'

By Rebecca Weller

The UK’s Night-Time Economy (NTE) has been “under attack” as escalation of noise complaints becomes a “real issue”, according to the Night-Time Industries Association (NTIA).

Time quickly running out: sector needs concise support plan (Credit: Getty/Charday Penn)

Time 'quickly running out' for sector

By Rebecca Weller

Almost half (47.7%) of night-time economy (NTE) businesses are barely breaking even as operators have been left “emotionally and mentally drained” by continued uncertainty regarding Government support, according to the Night-Time Industries Association...

Price pressures: delay in help for businesses amid

Energy costs 'untenable' for SMEs

By Rebecca Weller

Further delays in the release of detailed support for businesses “unacceptable” as energy costs become “untenable” for SME’s, the Night-Time Industries Association (NTIA) has stated.

Irreparable damage: sector suffering heavily as more rail strikes announced for next month (Credit: Getty/coldsnowstorm)

More rail strikes as sector 'suffering heavily'

By Rebecca Weller

Announcement of further rail strikes to take place next month “catastrophic” for the hospitality and late-night economy which are already reporting losses and “at risk of failing”.

Energy crisis: current climate could bring more businesses to the point of failure than the pandemic the NTIA has stated (Credit: Getty/Maki Nakamura)

Night-time economy at risk of 'collapsing'

By Rebecca Weller

The UK’s night-time economy is at risk of collapsing in the coming months amid soaring energy costs, the Night-Time Industries Association (NTIA) has stated.

Fuel costs begin to decrease: sector still suffering from uncertainty (Credit: Getty: Image Source)

Fuel costs decrease but sector suffers 'uncertainty'

By Rebecca Weller

Fuel prices have begun to slowly decrease, potentially lessening the strain on supply chains, but businesses are still suffering “uncertainty” as consumers continue to grapple with the cost-of-living squeeze.

Value of nightclubs: NTIA calls on gov to recognise late night venues' value after one in five nightclubs close in past three years (Credit: Getty/SolStock)

1 in 5 nightclubs close over past three years

By Rebecca Weller

The Night-Time Industries Association (NTIA) has called on the Government to recognise the “important part” nightclubs play on the nations well-being and protect late night businesses before it’s too late.

Vitally important: NTIA states rebuilding confidence in transport infrastructure vital as sector regains pre-pandemic trade levels (Credit: Getty/ilkersener)

TfL confirms night tube services return

By Rebecca Weller

Building confidence in the nations transport infrastructure is “vitally important” as businesses regain pre-pandemic levels of trade, the Night-Time Industries Association (NTIA) has stated.

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