Saturday night fever – London’s night-time economy
London’s night-time sector plays a vital role in London’s economy, with one in every four pounds being spent between 6pm and 6am.
However, the sector was hit hard by the pandemic - the value of consumer spending in the sector dropped by 46 per cent between 2019 and 2021.[1]
While the sector has showed signs of recovery since the pandemic restrictions were lifted, the cost of living, inflation and Brexit means the sector continues to face challenges ahead.
This is further compounded by what appears to be a long-running trend of night-time leisure venues, pubs and restaurants closing across the UK. Figures show there were approximately 3,000 nightclubs in the UK in 2005, as of 2023, this number stood at 851.2]
The London Assembly Economy, Culture and Skills Committee will meet tomorrow for the first of a two-part investigation into the state of London’s night-time economy, and how much progress has been made with the Mayor’s 24-hours London vision.
The guests are:
- Michael Kill, Chief Executive, Night Time Industries Association (NTIA)
- Mark Williams, Deputy Chief Executive, Heart of London Business Alliance (HOLBA)
- Joan Moynihan, Executive Director, Nimax Theatres
- Simon Tracey, Group Chief Executive Officer, Broadwick Live
Panel 2: 11:30-13:00
- Prof. Ben Campkin, Professor of Urbanism and Urban History, University College London (UCL)
- Sophie Brownlee, External Affairs Manager, Music Venue Trust (MVT)
- Cllr. Sabrina Francis, Cabinet Member for Young People and Culture, Camden Council
The meeting will take place on Wednesday 24 July 2024 from 10am in the Committee Rooms 2 & 3 at City Hall, Kamal Chunchie Way, E16 1ZE.
Media and members of the public are invited to attend.
The meeting can also be viewed LIVE or later via webcast or YouTube.
Follow us @LondonAssembly.
Notes to editors
- Night Time Industries Association, Night Time Economy Report 2023
- Night Time Industries Association, Night Time Economy Report 2024
- Full agenda papers.
- Marina Ahmad AM, Chair of the Economy, Culture and Skills Committee, is available for interview.
- Find out more about the work of the Economy, Culture and Skills Committee.
- As well as investigating issues that matter to Londoners, the London Assembly acts as a check and a balance on the Mayor.
For more information, please contact Tony Smyth in the Assembly Media Office on 07763 251727 or [email protected]. For out of hours media enquiries please call 020 7983 4000 and ask for the Assembly duty press officer.