“Local venues aren’t just where bands cut their teeth, they’re the foundation of any real culture,” said the frontman.
Artists such as RAYE have campaigned for songwriters and session musicians to receive greater financial returns for their work on songs.
The package will feature in the government's Creative Industries Sector Plan.
Chancellor Rachel Reeves revealed her spending plans in the commons earlier today.
The Cranberries, The Prodigy and The Jesus and Mary Chain have all released LPs in collaboration with Cooking Vinyl.
The BPI reports growth of just 1.9% in 2024, down from 7.6% in 2023 and 20% in 2022.
Almost half of the bill have withdrawn from the festival in recent weeks.
The British-Albanian artist first achieved the feat in 2020.
The events in south London's Brockwell Park were previously in jeopardy, following a legal challenge from a local group.
This is the second phase of the Music Venue Properties' Own Our Venues initiative.
