Two cherished grassroots music venues have been saved from potential closure after being brought into community ownership.
Music Venue Properties (MVP) announced the acquisition of The Joiners in Southampton and The Croft in Bristol under its Own Our Venues initiative, which is supported by Arts Council England.
Over 2,000 people have invested in the scheme, raising approximately £4 million. Notable investors include Terry Marshall and his wife Lesley of Marshall Amplification, singer-songwriter Katie Melua, and Glenn Tilbrook of Squeeze.
With these latest acquisitions, MVP now manages a total of seven venues. The initiative, launched by the Music Venue Trust, aims to secure the future of independent music spaces by purchasing the freehold of venues and placing them into community ownership. This strategy removes venues from vulnerable leases and ensures their longevity.
MVP pledges to provide fair rents and contribute annually towards maintenance, positioning itself as a “supportive and benevolent landlord.”
Ricky Bates, operator of The Joiners, expressed gratitude, saying: “We want to thank every single person who has bought a share in the scheme and secured The Joiners’ future. As one of the most important live music venues in the UK, this is a victory for independent live music worldwide. With this in place, we will be here for another 60 years and possibly forever.”
Singer-songwriter Frank Turner, who performed at The Joiners throughout his career, said: “I grew up going to, and later playing, shows at The Joiners Arms. I simply would not be doing what I do today without that space, and others like it.”
Marc Griffiths, from World Famous Dive Bars, which operates The Croft, said: “Although The Croft recently reopened, its future was still very uncertain. Now, with MVP as the landlord, we know this iconic venue will remain part of Bristol’s vibrant music scene for generations.”
IDLES frontman Joe Talbot added: “What a dream to have an institution of creative and social energy returned to the community. I am excited for our city and its people to celebrate an example of positive investment — by the community, for the community. It may sound dramatic, but grassroots venues are the birthplace of revolution.”
Dr Claire Mera-Nelson, director of music at Arts Council England, praised both venues, calling them “legendary touring spaces that have launched the careers of some of our most treasured musical artists.” She added: “We’re excited to see them continue to provide outstanding experiences for artists and audiences for many years to come.”