LISTEN: Today the government announced insurance for major music festivals stating that any large events over 5000 people will be covered in costs up to 90% so they can go ahead with planning for the summer ahead.
The Government has announced a new large events support scheme to financially de-risk large summer events from the effects of Covid-19.
The new scheme, called the Events Transition Support Scheme will see the Government underwrite upfront costs of events that can’t be recovered in the event of cancellation. The scheme will go live this week.
Our live panel discussing this on Lloyd Burr Live was event promoter Brent Eccles of Eccles Entertainment & Jordan Williams, CEO of the Taxpayers Union.
While both agreed that this was a good step forward for festival planners and punters alike, there are questions as to why this kind of support is not being extended to smaller events and also hospitality business owners who are facing these issues right now.
Listen to the full discussion above, and catch Lloyd Burr Live every weekday from 4pm on Magic Talk.
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