The Bunkhouse, a 235-capacity music venue in Swansea city centre, has been purchased under a scheme run by the Music Venue Trust (MVT).
The venue is the third purchase made under the MVT’s #OwnOurVenues scheme by Music Venue Properties (MVP), an independent charitable society formed by MVT.
The Bunkhouse’s operators have signed a “cultural lease” with MVP, allowing it to use the building as long as it operates as a space for grassroots live music for the local community.
MVP has committed to offer the venue a rent reduction and contribute towards building repairs and insurance.
MVT says the venue will now have “permanent protected status”.
In 2023, MVP announced it had raised £2.3m through community shares, donations and loans.
The purchase of The Bunkhouse follows MVP’s acquisition in October 2023 of The Snug Coffee House in Greater Manchester and The Ferret in Preston in May 2024.