The Night Time Industries Association described the Prime Minister’s announcement as devastating, leaving many businesses, staff and suppliers, with no support.

The group called on the UK government to follow the lead of France, which said it would not allow any business to fail with a support pot of €300bn.

NTIA CEO Michael Kill said: “Thousands of businesses will close their doors, and hundreds of thousands of jobs will be lost across many sectors, leaving many in financial difficulty’

“The government must act now to stop these businesses from going to the wire, the current support within the budget is not enough.

“We ask that every business owner, operators, artist, employee within this Industry comes together to demand that the government step forward, as it did during the banking crisis, and do the right thing and provide emergency medium term funding for Night Time Economy and Events Industry to underwrite the next period. It needs