Events Industry: Coronavirus

(asked on 19th October 2020) - View Source

Question to the Department for Digital, Culture, Media & Sport:

To ask the Secretary of State for Digital, Culture, Media and Sport, what discussions he has had with the Chancellor of the Exchequer on further support for the live events sector during the covid-19 outbreak.


Answered by
Caroline Dinenage Portrait
Caroline Dinenage
This question was answered on 22nd October 2020

We continue to engage with the live events sector and HM Treasury to discuss the on-going challenges facing the industry. We will analyse the impact of the funds we have already announced.

The Secretary of State announced an unprecedented £1.57 billion support package for the cultural sector which will benefit the live events sector by providing support to venues and many other cultural organisations to stay open and continue operating. £333 million was awarded to 1973 arts organisations which had applied for grants less than £1 million from Arts Council England. Funded organisations included venues, festivals, theatres, museums and cultural organisations. Over the coming weeks further Culture Recovery Fund awards will be announced - including grants over £1 million, and the Capital Kickstart and Repayable Finance programmes.

The Chancellor has announced the Winter Economy Plan to protect jobs and support businesses over the coming months, once the existing Self-Employment Income Support Scheme and Coronavirus Job Retention Scheme come to end. We are also offering businesses who face a drop in demand for their services and possible cash flow issues generous terms for the repayment of deferred taxes and government-backed loans.

We are continuing to meet with live events stakeholders to provide support and guidance for venues to re-open and stage live events.

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