Sixty percent of the UK’s events industry’s supplier base is facing collapse within three months, unless event businesses receive further support from the government, according to an online survey carried out by the Events Industry Forum (EIF) and Business Visits and Events Partnership (BVEP) and co-ordinated by the Production Services Association (PSA).
Of the 1,490 businesses surveyed from all sub-sectors of the events industry between 3-7 April, 6% say they are unlikely to survive until the end of April as a result of the impact of Covid-19.
The results have been published a week after the Department for Culture, Media and Sport’s tourism minister, Nigel Huddleston MP, said that events can “kick start” the economy when the UK emerges from the Covid-19 crisis.
According to the survey, only 1% of respondents have been successful in applying for the government’s Coronavirus Business Interruption Loan Scheme. It has also been revealed that despite the chancellor of the exchequer indicating in the House of Commons that event organisers and the supply network behind them should be eligible for leisure and hospitality business support grants, according to the survey most which have applied have been turned down by local authorities, which are running the scheme.
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