Good news for small venues and indie bands.

The business rates cut will benefit nearly 32,000 pubs, clubs and live music venues, according to the government, saving the typical pub an estimated £1,100 in the next financial year. The support will be targeted so that the very largest live music venues are not included.

“For too long, governments have stood by while cherished venues have disappeared from our local high streets. So today I am changing that,” the prime minister said. “This government will back the businesses that people want to see in their communities. I said I would protect pubs and local high streets – the beating heart of our communities – and that’s what we will do.”