A city is hoping to become the first in the UK to launch a ticket tax after leaders presented their proposals to the local music industry.

The idea comes amid a deep financial crisis in the music sector, with 125 independent venues closing in the country by 2023.

Carly Heath, Bristol’s night-time economic adviser, said the 1% levy added to tickets at participating venues and events could generate up to £1m each year.

“This would transform the music industry in the city,” Ms Heath said, explaining that the money would support “music venues, events and music making”.