The growing importance of the night-time economy

The UK’s night-time economy is now said to be the UK’s fifth-biggest industry with annual revenues of £66bn.

It is 04:00 in central London’s clubbing district, Soho. People are slowly streaming out of the clubs, some huddled in doorways waiting for taxis, others dancing on the kerb, merry and very loud.

The night-time economy is a growing part of the UK economy. Nationally, it is the UK’s fifth-biggest industry, accounting for at least 8% of the UK’s employment and annual revenues of £66bn, according to the Night Time Industries Association.

In fact, the growth of that business activity at night-time prompted London’s mayor to call upon the talents of TV presenter and performer Amy Lamé. She has been London’s first “night czar” since 2016, and is in charge of the city between 18:00 and 06:00.

“My role encompasses looking after the welfare and wellbeing of the 1.6 million people that are usually working in London. My biggest concern is the 190,000 that work for the National Health Service here in London every night,” she says.

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