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Government-backed insurance scheme to boost events industry | UK | News

The Truth Birmingham by The Truth Birmingham
August 6, 2021
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It will cover costs incurred for cancellations due to Covid restrictions being imposed ‑ as insurance has been an obstacle for organisers during the pandemic. The Chancellor’s announcement delighted the entertainment industry that feared further “devastating” disruption without intervention. 

Mr Sunak said: “I know organisers are raring to go now that restrictions have been lifted.

“But the lack of the right kind of insurance is proving a problem…I want to do everything I can to help event providers.”

Speaking as he visited the London Wonderground outdoor family festival yesterday, he added: “With this new insurance scheme, everything from live music in Margate to business events in Birmingham can go ahead with confidence.”

UK Music boss Jamie Njoku-Goodwin praised the “incredibly welcomed” announcement. He said: “The inability to obtain insurance has already caused many cancellations this summer.”

The sector is worth more than £70billion a year to the economy and supports more than 700,000 jobs.

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