Live music contributed record £6.1bn in 2023.

Sold-out tours by Coldplay, Elton John, and Beyoncé boosted ticket sales and hospitality, leading to live music’s record £6.1bn contribution to the UK economy in 2023. This represents a 17% increase from the previous year, driven by a post-pandemic surge in demand. However, grassroots music venues faced challenges, with 125 closures in 2023 due to the cost of living crisis, according to industry body Live.