A fundraiser to save an iconic nightclub beat its target within six hours and has now raised a massive £125,000.

Sub Club, which has been a go-to venue for clubbers since 1987, announced this morning that it was at risk of permanent closure. 

A Crowdfunder page was launched at 10am and hit its £90,000 target before 4pm. 

The Jamaica Street club claimed it had been denied access to the Government's furlough scene. 

They say that they applied for the scheme and continued to pay 31 staff members, 80 percent of their wages in order to support them - but have failed to get the money amounting to £31, 864 back. 

READ MORE: Sub Club risks permanent closure after failing to get on Government's furlough scheme

Mike Grieve, managing director, said: “Months of mistakes on HMRC’s part caused us to miss out on eligibility for the furlough scheme by a single day.

“The reality for us at the moment is that we’ll be lucky if we open this year – the very nature of the business means that opening with social distancing requirements in place seems impossible.

“We need to do everything we can to stay afloat during these times and our battle with HMRC has made this pandemic an even greater struggle.

“It seems grossly unfair that more than 30 people have to lose their jobs and our great wee venue, much loved by generations of Glaswegians, is under serious threat due to a simple technicality.

“What’s particularly galling about this situation is hearing the repeated statements from the Prime Minister and other ministers that they will do ‘whatever it takes’ to save businesses and protect jobs."

Glasgow Times:

The club, which is one of the world's longest-running underground dance venues, stood that lockdown measures have resulted in a shortfall of more than £250,000. 

Glasgow SNP MP Alison Thewliss said she has been trying to help Sub Club since May 11, with delays from HMRC.

Mrs Thewliss said: “I have been appalled by HMRC’s handling of complaints about the job retention scheme. What’s more, it’s now becoming clear that their lack of flexibility and inability to exercise discretion is entirely deliberate, and as a result of instructions passed from HM Treasury.

“In these tumultuous times, businesses need HMRC to act quickly and be agile. What has happened has been the opposite, and it’s unacceptable that it’s HMRC and HM Treasury intransigence that will potentially push this business under.

“Perhaps most alarming of all is the fact that I raised this case personally with the Financial Secretary to the Treasury, Jesse Norman MP, on June 22 and haven’t had as much as an acknowledgement. So much for this Government’s promise to do “whatever it takes” to support business and the economy.”

An HMRC spokesman said: “The Coronavirus Job Retention Scheme has been delivered at unprecedented pace and is protecting millions of jobs up and down the country.

“If an employer believes there have been mistakes or unreasonable delays with their application caused by HMRC, they should follow our complaints process which can be found on the gov.uk website.”

To donate visit www.crowdfunder.co.uk/saveoursub