Earlier this week, UK Music published its annual report on the economic impact of the British music industry, which contributed £6.7 billion to the UK economy in 2022 due to gross value added. The report also revealed that exports are at £4billion and employment is at 210,000. Lawrence Montgomery, UK Managing Director of Rough Trade, discusses the role of the independent music industry (stores, artists and venues) in such growth and how additional support is needed to sustain it.
How has the independent music industry contributed to this growth?
“The independent music industry is crucial to this growth. While we can’t…
