Councillors on the economy and skills policy committee gave the go-ahead for preparations on Monday. This will see a new Community Benefit Society set up, which will manage the Bristol Music Fund.
The funding could pay for various costs, like venues improving soundproofing or accessibility, events during the week and performers better rates.
In Bristol, 78% of events happen in venues that are under 1,000 capacity.
According to Ms Heath, the majority of the city’s venue estate is technically “grassroots”, but she added that these generate only 32% of the annual ticketing revenue that the city receives.
“It’s easy to see where the disparity is on who’s doing the lion’s share of the work in creating an incredible music scene and underpinning Bristol’s reputation, but receiving a really small proportion of the revenue that the city generates,” she said.
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