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BVEP submits budget request to Government to support recovery of the UK Events Industry
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Published: Tuesday, 19 January 2021 16:45
The Business Visits & Events Partnership (BVEP) has today submitted a budget request to the Treasury ahead of the planned budget announcement on 3rd March 2021, in an effort to secure long term targeted support to aid the recovery of the industry.
While prior to the pandemic, business visits and events contributed £70 billion to the UK economy in terms of visitor spend, representing over 50% of all tourism spend, over the past year, the major activities of the industry have been severely impacted by COVID-19 due to an almost total lack of ability to operate since the start of the pandemic. It is projected that annual revenues will be down by approximately £55 billion and around 434,000 jobs will have been lost across the entire industry. ....

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