The funding arrives at a critical moment for grassroots venues, with figures showing more than half failed to make a profit last year.
Labour’s “Turn It Up: Our Plan for Music” includes the £45m Music Growth Package, alongside investment in library music spaces and youth mentoring programmes.
Ramesh Satguru, co-founder of the iconic nightclub Motion, which closed its original venue last year, welcomed the government’s support.
He hopes funding for venues will help foster more human connection.
“The Turn it Up policy document is amazing,” he says.
“It seems like the doors are opening for people to have fun.”
Over the years, Andy Burnham has been vocal about his love for music, and revealed he visited Manchester’s iconic nightclub, the Haçienda, in his youth.
“To have people in positions of power that have experience at legendary nightlife establishments – we’re only going to see a better understanding of the scene,” says Satguru.
Michael Kill, chief executive of the Night Time Industries Association, described the rates reduction as “a significant and welcome intervention”, that could provide meaningful relief for venues struggling with sustained financial pressures.