Despite challenges, live music remains popular among both British and international audiences, with industry and government collaboration seen as vital for future growth.

Leaders like Collins and Lamacq underscore that live music supports social cohesion, mental wellbeing, and economic growth, especially through tourism and employment.

The UK live music industry hit a new record in 2024, with consumer spending reaching £6.7 billion, marking a 9.5% increase from the previous year, driven by major artists and a preference for large concerts over festivals.

While overall growth is strong, smaller venues and grassroots festivals faced significant challenges, with 78 festivals shutting down due to rising costs and reduced profitability, highlighting ongoing issues at the grassroots level.

The trend toward large-scale, star-driven concerts continues to drive economic recovery, with pop acts dominating and London remaining the primary hub for live performances.

Industry leaders are calling for government support through tax breaks and policies to bolster the sector, improve safety, address job insecurity, and promote environmental sustainability.

LIVE chair Steve Lamacq emphasized the importance of live music in fostering community and creating memorable experiences, from large stadium shows to local grassroots performances.

LIVE CEO Jon Collins highlighted the sector's strong performance at major venues but stressed the need for ongoing support for grassroots venues to sustain the live music ecosystem.

Ticket prices have increased recently, partly to offset higher labour and energy costs faced by venues, reflecting the industry's efforts to manage economic pressures.

The resurgence of live music post-pandemic is viewed as a vital social and cultural reconnection, boosting community engagement and supporting mental health.

The industry aims to foster economic growth, enhance safety and sustainability, and remove barriers to opportunities within the UK music scene.

Representing over 3,000 businesses, 35,000 artists, and 2,000 backstage workers, LIVE emphasizes the need for sustained industry and government support to maintain a vibrant live music ecosystem.