PLASA is one of 100 events organisations, MPs and other key figures who have asked the Government to back cancellation insurance for events. The open letter warns that organisers will be unable to risk financial losses unless live events can be insured against cancellation.
The letter opens with compelling statistics from the industry, including how festivals contributed £1.76 billion to the UK economy in 2019, and that the live music sector sustained 45,000 jobs in the same year.
“Sustaining losses like those we’ve seen in 2020 for another year isn’t an option, and hundreds of businesses in the events supply chain have already been forced to fold. The Government has backed insurance for the film and television industry to the tune of £500 million. It’s now time to do this for other creative industries.”
