Licensed venue closed every 48 minutes An average of 30 licensed venues a day have permanently closed since December 2019 – the highest rate on record according to new figures. As reported by The Morning Advertiser (MA), the latest Market Recovery Monitor from CGA and AlixPartners revealed that despite 4,170 site launches since the last month of 2019, the loss of 11,894 means there have been almost three closures for each new venture. This has resulted in a net loss of 7,724 licensed venues. What’s more, the closure numbers are expected to increase, according to the research as the impact of restrictions including a huge drop in trade over December takes its toll.