Brexit could damage UK music tourism and cost the economy “hundreds of millions of pounds” if handled the wrong way, a major new report has revealed.
The findings, published by three leading universities, show that botched immigration plans could result in a significant fall in artists and production houses travelling to the UK.
The report, entitled the Birmingham Live Music Project, also suggests that the potential costs of running big events, such as festivals, could “spiral and lead to heavy losses” due to disrupted supply chains.
What’s more, Brexit is “likely” to generate a substantial administrative cost for UK artists who do not have a wide-reaching label and promotion company, it added.
This is because artists will have to research and comply with the regulations in regards to music tours and work VISAs in each European jurisdiction.
The study, authored by researchers at Aston University, Birmingham City University and Newcastle University, adds that “the future” of a high number of production-companies located in the UK are also “clouded by Brexit”.
Commenting on the report, Dr Patrycja Rozbicka, Lecturer in Politics and International Relations at Aston University who led the report, said: “By bringing a variety of stakeholders together, we aimed to explore the way Brexit is likely to impact everything from the thousands of people who follow and support the live music industry, through to the musicians themselves and the regional authorities that legislate and administrate for cultural economies.”
She added: “This report is the first step in a bigger project which aims to provide much needed creative solutions and recommendations to secure the future of the music industry as we know it pre-Brexit.”
According to the latest statistics, the UK music industry contributes around £3.5 billion to the economy each year and creates 101,680 full time jobs. This is made up of £1.6 billion from musicians, composers and songwriters; £634 million from recorded music; £662 million from live music; £402 million from music publishing; £151 million from music representatives; £80 million from music producers and recording studios; and £1.4 billion from the value of exports.
Click here to access the report.
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