The Lemon Grove will no longer open on its trademark Saturday night, until the start of the next academic year.
However, the venue, based in Streatham Campus’ Cornwall House, will continue to host one-off events and gigs, such as Battle of the Bands.
In a press release, the Students’ Guild said that it was “very sad to announce” the change, and that the “difficult decision comes after a dramatic and continuous dip in recent months, costing the Guild thousands of pounds which could be spent elsewhere to support and provide services for our student members.”
The Guild also stressed that it “relies heavily upon the income it receives from its commercial outlets to support its services”, and that it is focussing on “refurbishing the venue and planning for a new and improved student experience come September 2018.”
A decrease in commercial income was one of the causes of the Guild’s recent financial troubles, in which it was forced to find £150,000 of savings over the summer.bookmark me