MPs said government-backed insurance could allow festivals to confidently plan summer events.
The overwhelming bulk of the U.K. Music festivals would vanish if, according to a parliamentary inquiry into their post-pandemic survival, they face a second consecutive barren year. Following a live music action plan released by industry body UK Music on Tuesday, the cross-party committee of the Department of Entertainment, Media and Sport (DCMS) heard an appeal from the industry for the government to provide its own insurance scheme to save festivals from bankruptcy as the latest pandemic shutdown harms consumer trust ahead of the summer season. Industry witnesses have asked the government to confirm an indicative date when it expects it will be possible to determine the feasibility of festivals in 2021 for mass meetings. Jamie Njoku-Goodwin, chief executive of UK Music, said, “The public target from ministers is 2 million vaccinations per week,” “If you have that information, you should be able to calculate some sort of roadmap. “In 2021, a smaller festival season was “inevitable” said Anna Wade, marketing and strategy director for Hampshire’s Boomtown, but feasible with government support along with vaccinations and continued mass testing. In terms of festival pl pl, a government-backed insurance scheme was the “most critical factor” Organizers expect that commercial insurance for Covid 19-related cancellations is unlikely to exist before 2022, he said.Reed outlined to MPs a potential scenario this year in which festivals are cancelled “early and en masse” because of a lack of insurance, but public health “improves dramatically” during the spring, generating “some level of confidence” in festivals taking place – leading to dema The supply chains, local economies and British taxpayers will benefit from a government-backed insurance scheme, MPs were told. Every year, festivals add £ 1,76 billion worth of value to the UK economy and promote 85,000 jobs. In the U.K. Sacha Lord, co-founder of Parklife and the Warehouse Project and consultant to the Greater Manchester night-time economy, said he has the world’s largest festival sector. ” said Sacha Lord, co-founder of Parklife and the Warehouse Project and consultant to the Greater Manchester night-time economy. ”
One of our main exports is music.
If we don’t keep them in 2021, most of them will vanish, I suppose. Music tourism generated £ 4.7 billion in spending nationally in 2019, a potential total that could be jeopardized if the U.K. government does not implement insurance policies similar to those in Germany and Austria, Njoku-Goodwin said. “In 2019, music tourism generated £4.7 billion in spending nationwide, a future total that could be threatened if the U.K. government doesn’t introduce insurance schemes equivalent to those in Germany and Austria, Njoku-Goodwin said. ” Lord called for an expansion of business tax cuts and an extension of the exemption scheme unique to the sector, as well as a three-year extension of the reduced 5 percent VAT rate on entry fees. The meeting was told that because of already thin financial margins, it is not practical for most festivals to run at reduced capacity to encourage social distancing. Wade called on the government to promote technical developments in mass testing to enable festival-goers to pre-screen, and said the costs of such testing should be shared between the festival, the customer and the government. “Closing off the whole sector again is not really tenable. We need to be clear that we have capacity and systems in place to operate safely but also profitably,” said Njoku-Goodwin. The panel also discussed the effects of Brexit and the failure of the government to find an agreement for cultural workers traveling between the U.K. Yeah, and the EU. Increased visa fees, Lord said, would probably not influence headlining performances. “But the headliner didn’t become a star overnight,” he added, describing the new costs of touring musicians as “a big, big bureaucracy that could stagnate new talent. “Njoku-Goodwin questioned why so much of the discussion about the Brexit deal in the UK was about fishing, a £ 1.4 billion industry, and not about the £ 5.8 billion music industry.