An iconic Soho music club is to be granted 100% relief from businesses rates under a new scheme from Westminster City Council to protect grassroots music venues.
The 100 Club, where bands including the Rolling Stones, Oasis and the Sex Pistols have performed, is the first venue to be granted special status and will save around £76,000 a year.
Westminster City Council has introduced the scheme following discussions with London’s night tsar Amy Lamé about supporting grassroots music venues in the city.
In order to qualify for up to 100% relief from business rates, a property must be on the Greater London Authority’s register of grassroots music venues and the organisation running the venue must be not-for-profit.
Owner of the 100 Club, Jeff Horton, said: “I’m thrilled the 100 Club has been granted this new business rates relief.
“It means we can continue to support the careers of the hundreds of artists who take to our stage each year.
“This is a game changing approach from a local authority in supporting grassroots music venues.”
He added: “I hope other local authorities will adopt a similar forward thinking approach to supporting the music industry.”
Councillor Timothy Barnes, lead member for Soho, said: “This latest action from Westminster City Council means the show will go on at this iconic venue.
“Business rates relief may not seem very rock’n’roll, but – as the Rolling Stones might have said when they played at the club – it will mean satisfaction to a generation of music fans.”
The news follows an announcement from the government that it plans to cut business rates for small and medium-sized grassroots music venues by 50%.