Call for UK Gov to underwrite event cancellation costs

There is a growing call for the UK Government to underwrite the cancellation costs of live events to help kickstart the event industry ahead of summer.

The UK event industry has been smashed by ongoing lockdowns and restrictions, with organisers unable to get COVID cancellation insurance in the commercial market.

With half of the UK population wanting to go to a live event this summer according to a new YouGov survey, a commitment by government to underwrite the cost of Covid cancellations would give the live event sector the confidence it needed to restart.

“Governments in Germany, Austria, Norway, the Netherlands and elsewhere are already backing schemes to allow production companies and their staff to plan for a safe return to live events,” said Greg Parmley, CEO of LIVE.

“The UK rollout of the vaccine is cause for optimism in creating events that are safe but the industry will be significantly hampered without COVID event cancellation insurance.”