The £90bn events sector is in dire straits due to enforced lockdown measures during the pandemic, but a scheme similar to that of the TV and film industry’s could provide relief 

Coldplay bass guitar player Guy Berryman is calling on the government to provide an insurance scheme to save the hundreds of thousands of jobs at risk in the events sector.

According to The Times, Berryman is one of a group which also includes former Dragon’s Den star Sarah Willingham who are turning to the government to save hundreds of thousands of jobs.

The group warned the small business minister Paul Scully in a letter stating that the £90bn events sector “faces extinction” due to the pandemic, but an insurance scheme for events planned from 1 April 2021 could give the sector hope.

Hugo Campbell and Digby Vollrath – founders of events planning website Feast It are leading the group.  

It follows the EC3 Brokers turning to the government as an ‘insurer of last resort’ as well as protests from the entertainment sector taking place in London. 

Tier 2

The Covid-19 pandemic has meant that many live events cannot operate due to social distancing guidelines and lockdown being in place since March, however London has now moved to tier 2.

Tier 2 means that people cannot socialise outside their household or support bubble in an indoor setting. The rule of six still applies in indoor settings and businesses and venues can continue to operate, however pubs and restaurants must close between 10pm and 5am. 

Read more…EC3 Brokers calls on government to become ‘insurer of last resort’ for live events

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