Portsmouth South MP, Stephen Morgan, said money generated at live music events contributes £1.1 billion to the national economy but this year venues are set to make a £900 million loss.
The Labour MP highlighted his particular concern for iconic venues across the city and the progression of future performers.
Mr Morgan stated: ‘A number of music venues in Portsmouth have raised concerns with me about the future of their business and the local music industry. Here in Portsmouth, grassroots music venues play a key part of the local economy and creative arts scene.
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‘Without grassroots venues such as Portsmouth Guildhall or the Wedgewood Rooms, now world famous bands such as Oasis, Muse and more would not have had the opportunity to develop as upcoming artists.
‘It’s expected the music industry will not see live music to resume until 2021 putting at risk over 80 per cent of music venues – a number in Portsmouth.’
In a strongly worded letter, the MP also highlighted the music industry employs around 30,000 jobs, many of which could be at risk with a prolonged period without live performances.
Mr Morgan added he was ‘deeply concerned about the disastrous impact of coronavirus on the live music scene in Portsmouth and the UK’ and has urged the government to provide financial support.
Measures suggested include financial support packages for grassroots venues and VAT reductions on future ticket sales.