It's official: Fabric has been saved.

In a statement released on their Facebook page, minutes after it was reported they had come to a final agreement with Islington Council and the Metropolitan Police after renegotiated terms of their license, Fabric said:

"We are hugely thankful to be able to confirm the news that we have won our licence back. We owe everything to our supporters. We really would not be here today without your unparalleled support and generosity. So many different people stepped up to put their voices to our cause, artists from all corners of the music community, fellow promoters who have put on huge events from us and clubbers from around the world who all united behind us. We’ve even seen people sporting their #savefabric T Shirts on the other side of this planet showing just how big this thing is.    

So, thank you to all of you. Without the strength of your backing this would not have happened. You saved fabric.

We’ll be back with some news about #saveourculture and our next steps when we can."

According to Resident Advisor, new licensing agreements were signed off at Highbury Magistrates Court earlier today.

The new set of licensing conditions include raising the entry age at Fabric to 19 years old and above, improved CCTV at the venue and the hiring of new security staff.

Also, there will be new ID scanning upon entry and lifetime bans handed out to anyone found with drugs at the venue.

[via Facebook]