{"id":1255,"date":"2023-02-10T12:10:28","date_gmt":"2023-02-10T12:10:28","guid":{"rendered":"https:\/\/tapestrycapital.ca\/?p=1255"},"modified":"2026-04-10T15:09:46","modified_gmt":"2026-04-10T15:09:46","slug":"lets-own-our-venues","status":"publish","type":"story","link":"https:\/\/tapestrycapital.ca\/fr\/story\/lets-own-our-venues\/","title":{"rendered":"Let&#8217;s Own Our Venues"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">In the United Kingdom, <\/span><a href=\"https:\/\/www.musicvenuetrust.com\/\"><span style=\"font-weight: 400;\">Music Venue Trust<\/span><\/a><span style=\"font-weight: 400;\"> has launched the \u2018Own Our Venues\u2019 campaign, giving music supporters across the country a new opportunity to invest in the spaces they love. The campaign, which has garnered support from figures like Ed Sheeran and Sony Music, offers a prime example of how community investment can serve to rescue and maintain vital community assets.\u00a0<\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"OWN OUR VENUES\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/MUon1IzqyKA?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\">To better understand Music Venue Trust and the \u2018Own Our Venues\u2019 campaign, I spoke with Matt Ottridge, the Music Venue Trust Ownership Coordinator.\u00a0<\/span><\/p>\n<h3><b>The challenge faced by grassroots music venues<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Over the last twenty years, many independent music venues in the United Kingdom have shut down. Mark Davyd, Founder of Music Venue Trust, <\/span><a href=\"https:\/\/www.positive.news\/lifestyle\/arts\/how-communities-are-saving-the-uks-music-venues-from-closure\/\"><span style=\"font-weight: 400;\">says<\/span><\/a><span style=\"font-weight: 400;\"> the main reason for closure is that people who run the independent music venues do not own their premises, and the landlords who do own them don\u2019t care about the impact the venue is delivering. Music venues are often at the mercy of commercial landlords and rising rents, and this issue of ownership is underscored by other challenges such as noise complaints and chronic underinvestment.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to Music Venue Trust, 93% of grassroots music venues are tenants with an average lease of 18 months. This prevents venues fully investing in their spaces because there is uncertainty about how long they will be able to stay put.\u00a0<\/span><\/p>\n<h3><b>The \u2018Own Our Venues\u2019 campaign\u00a0<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Since 2014, Music Venue Trust has advocated for the protection, security, and improvement of UK grassroots music venues for the benefit of venues, communities, and artists. They provide free legal advice, a network for music venues to connect and collaborate, and a multitude of online resources to guide music venue operators. The \u2018Own Our Venues\u2019 campaign is one of the organization\u2019s recent initiatives.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The aim of the \u2018Own Our Venues\u2019 campaign is to change the ownership model of grassroots music venues. Instead of private landlords owning the spaces and leasing them to music venue operators, Music Venue Trust has set up a community benefit organization, Music Venue Properties, that will purchase the spaces and rent them back to current operators. The value to independent music venues? First and foremost, a landlord who understands their sector. Matt mentions that Music Venue Properties will work with operators, giving them greater assurance over the length of their lease, reduce rents, make contributions to insurance and repairs, help with accessing grants, and analyze their operational models. Music venue operators will develop the security and confidence they need to create and maintain incredible venues that are pillars of their communities.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Individuals and organizations can purchase community shares issued by Music Venue Properties for as little as \u00a3200 and up to \u00a3100,000. This investment will fund the purchase of an initial nine music venue properties. In exchange, investors receive a 3% annual return on their investment, become a co-owner of the society and its assets, and play a critical role in saving the independent music venues they love!\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Community financing has saved local pubs, shops, and post offices, amongst other enterprises, and now it\u2019s time for the model to be applied to music venues, too. For more information on the \u2018Own Our Venues\u2019 campaign, visit <\/span><a href=\"https:\/\/www.musicvenueproperties.com\/\"><span style=\"font-weight: 400;\">www.musicvenueproperties.com<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<h3>\u00c0 propos de cette s\u00e9rie d'articles<\/h3>\n<p>Hi, my name is Jasleen Bahia, and I was once an Intern at Tapestry Community Capital. I am now completing my degree in business with a focus on social finance, and I\u2019m currently doing a semester abroad in Europe. While here, I am Tapestry\u2019s Ambassador to the UK.\u00a0This blog series documents my adventure abroad learning about the social finance ecosystem in the UK and connecting it to our growing community investment marketplace in Canada. I am eager to find out what we can learn, replicate and share!<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-1224 size-large\" src=\"https:\/\/tapestrycapital.ca\/wp-content\/uploads\/IMG_2140-1024x768-1.jpg\" sizes=\"(max-width: 1024px) 100vw, 1024px\" srcset=\"https:\/\/tapestrycapital.ca\/wp-content\/uploads\/2022\/11\/IMG_2140-1024x768.jpg 1024w, https:\/\/tapestrycapital.ca\/wp-content\/uploads\/2022\/11\/IMG_2140-300x225.jpg 300w, https:\/\/tapestrycapital.ca\/wp-content\/uploads\/2022\/11\/IMG_2140-768x576.jpg 768w, https:\/\/tapestrycapital.ca\/wp-content\/uploads\/2022\/11\/IMG_2140-1536x1152.jpg 1536w, https:\/\/tapestrycapital.ca\/wp-content\/uploads\/2022\/11\/IMG_2140-2048x1536.jpg 2048w, https:\/\/tapestrycapital.ca\/wp-content\/uploads\/2022\/11\/IMG_2140-16x12.jpg 16w\" alt=\"\" width=\"1024\" height=\"768\" \/><\/p>","protected":false},"featured_media":1256,"template":"","format":[],"topic":[71],"class_list":["post-1255","story","type-story","status-publish","has-post-thumbnail","hentry","story_topic-learning-from-abroad"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - 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