Music Venue Trust acquires struggling Preston venue The Ferret

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Preston music venue The Ferret has been acquired by grassroots music charity the Music Venue Trust (MVT).

The 200-capacity venue and community hub has been located on Fylde Road, Preston since 2006 — though it has been threatened by closure in recent years due to its building being put up for sale, BBC reports.

However, its future is now secured, after the MVT purchased it; allowing the owners to sign a “cultural lease” — guaranteeing The Ferret’s continued use of the…