The Night Times Industries Association says one in four venues have shut down since 2020, and the sector will face an irreversible decline unless the government provides urgent support.
The industry was one of the worst hit during the pandemic, and it's asking for cuts to National Insurance, a permanent cut in VAT and a reform of business rates to help it keep afloat.
The NTIA claims the night time economy contributes more than £153 billion to the UK economy and supports over 2 million jobs.
Culturally, the sector punches above its weight. The nightclub boom in the last 50 years gave us disco, acid house, drum and bass and grime, as well as many other sub-genres of music. But nightclubs are expensive and consumers are finding their thrills elsewhere; drink is cheaper from supermarkets, and why search for someone you fancy on the dancefloor when you can use a dating app?
And as nightclubs struggle, so do small music venues, where artists like Ed Sheeran, Dua Lipa, Coldplay, Arctic Monkeys Blur and Oasis started out, as well as many others.
People are willing to pay hundreds of pounds to see those same artists in giant venues like Co-op Live in Manchester or at Wembley Stadium, so what can be done to make sure the next wave of new artists have somewhere to play? Should the government intervene? Should big venues subsidise smaller ones, or is it up to fans to throw them a lifeline?
Or has nightlife in its current form - much like variety music halls - taken its last curtain call?
Presenter: Ben Ansell Producer: Tom Gillett Editor: Lisa Baxter
Contributors:
Michael Kill - CEO, Night Time Industries Association Fat Tony - DJ Steve Lamacq - BBC 6 Music DJ and Patron of the Music Venues Trust Richard Simm - Co-owner, The Forum Tunbridge Wells Jane Darougar - Psychotherapist and counselor at the Central St Martins University, London