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A music venue in Bath that has hosted some of the biggest names in UK music has closed with immediate effect.

The Music Venue Trust said that the city's Moles venue has filed for insolvency, stating that the rise in costs and overheads and the impact of the cost-of-living crisis have made it impossible to continue.

Since opening its doors in 1978, the 220-capacity venue has hosted acts including Ed Sheeran, The Killers, Fat Boy Slim, Oasis, Blur, Radiohead, The Smiths and Idles during the early stages of their careers.

Tom Maddicott, co-owner of Moles, said: "Massively increased costs of stock, utilities and rent compounded by our customers also feeling the impact of the crisis has made it impossible to continue. 

"It’s obviously an incredibly difficult decision to have to take, for our team, the staff, the local community, and the artists that over the years have created such an incredible history of music.

"But the reality is that live music at grassroots level is no longer economically viable, and we will not be the only grassroots music venue forced to close. 

"There needs to be a major shake-up of the live industry with the big players supporting the grassroots where it all begins to secure that pipeline of talent."