Check If You Qualify

Night-time Economy in Scotland Suffering Huge Financial Damage

Sharon McDougall - 25th August 2020 - 2 minutes to read

The night-time economy in Scotland is in the midst of a major financial crisis as the coronavirus pandemic takes its toll on businesses within the associated industries.

As many as 83 per cent of businesses within the night-time economy are preparing to make redundancies in the coming weeks, with a majority expecting to reduce the scale of their workforce by more than half.

Those figures have been published by the Night-Time Industries Association (NTIA), whose recent research found that around 58 per cent of businesses in those industries are worried that they won’t be able to survive beyond the next two months.

The association has said that the coronavirus outbreak has left its industry facing nothing less than a “financial Armageddon,” which of course could be desperately bad news for very large numbers of people currently employed in the night-time sector.

In March and April, immediately after the coronavirus crisis began, economic activity slumped massively in Scotland and across the UK but some sectors have been able to restart and recover much of the ground they lost during that period.

However, with the virus still a major public health risk, nightclubs, theatres and concert venues have all been obliged to remain almost entirely closed, with businesses behind those operations suffering huge financial losses as a result.

Campaigners have criticised the Scottish government for failing to provide enough support to businesses that contribute to the night-time economy and form such an important part of the draw for tourists to Scotland’s major cities.

“Of all the affected sectors of the Scottish economy, hospitality has been among the hardest hit by the pandemic,” said Mike Grieve, a director at the NTIA and the managing director of Sub Club.

“In the case of nightclubs, we were the first to shut down and without a shadow of doubt we will be the last of the last to re-open.

“Meanwhile there has been a staggering lack of support available to keep these economically significant and culturally vital businesses alive to protect the future of our hugely vibrant nightlife sector.”

If you live in Scotland and you are struggling to cope with your personal debts then Scotland Debt Solutions can help. Contact us directly to arrange a FREE and confidential consultation.

facebook colour icon twitter colour icon linkedin colour icon messenger colour icon whatsapp colour icon email colour icon
Sharon McDougall Square

Sharon McDougall


Other News

Debt Levels Soaring across Scotland, New Figures Show Debt Level Rising

Debt Levels Soaring across Scotland, New Figures Show

Levels of unsecured debt in Scotland increased dramatically during 2022 as the cost of living crisis took its toll on household finances.

Nearly Half a Million Scots Facing ‘Profound Financial Hardship’ Financial Hardship

Nearly Half a Million Scots Facing ‘Profound Financial Hardship’

Close to half a million Scots are in a position of profound financial hardship, according to a new set of figures.

Scots with Disabilities Urged to Check Eligibility for New Benefits Scottish Man In Wheelchair

Scots with Disabilities Urged to Check Eligibility for New Benefits

Disabled people in Scotland are being urged by the government to check whether they might be eligible for benefits that could help make their life a little easier.


Why Choose Us

Usp Location

5 Offices in Scotland

National Coverage

Usp House

Ask us About

Home Visits

Usp Hand Heart

Helping Scots Get

Out of Debt Since 1989

Usp Handshake

We offer an

Instant Initial Consultation

Usp Palm Wallet

We'll Help You

Lower Monthly Payments

Usp Hand Heart


Out of Debt Since 1989

We'll give you a call

Our Scottish based team can help advise you on your debt problems.

Here at Scotland Debt Solutions we take your privacy seriously and will only use your personal information to contact you with regards to your enquiry. We will not use your information for marketing purposes. See our Privacy Policy.


Useful tools

Personalised Debt Report
Usp Planner

Personalised Debt Report

Our personalised debt report will help you better understand your financial position and see where your money is going.

Debt Report
Instant Scheduled Call & WhatsApp

Instant Scheduled Call & WhatsApp

Arrange a call with an expert advisor at a time to suit you or contact our team via WhatsApp for immediate help and advice.

Arrange Callback
Find a Local Office
Usp Signpost

Find a Local Office

We have five offices located across Scotland. Find your nearest one here.

Find an Office

Our Insolvency Practitioners are regulated by ICAS or the IPA and our firm is authorised and regulated by the Financial Conduct Authority

Fees and Information: There are fees associated with our services. These will be fully explained before entering into any of the personal debt solutions referred to on this website. Full details of our fees and how these are charged are fully explained to you prior to you committing to any particular service.

ICAS Insolvency Practitioners