Events Research Programme
Debate between Ben Everitt and Nigel Huddleston(3 years, 6 months ago)
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Nigel Huddleston
Indeed, the event last weekend—a little bit of rain did not put off a lot of people from attending—was very successful and provides key learning. As I have said, we are looking at indemnity options.
Ben Everitt (Milton Keynes North) (Con)
I am incredibly heartened to hear the Minister say that the reinsurance scheme is under active consideration. I am further heartened that he accepted the point made by the hon. Member for Caithness, Sutherland and Easter Ross (Jamie Stone) that the last time we did this kind of thing it made the Exchequer money—we got the planes off the ground after 9/11 and made a profit for the Treasury. Does the Minister agree that the industry, which is worth £84 billion a year, really deserves the confidence of a reinsurance scheme, and that it is a vote of confidence in global Britain and in our vaccine scheme?
Nigel Huddleston
My hon. Friend is absolutely right. This is a hugely important sector to our economy; it employs 1.5 million people right up and down the country, and there are whole households that rely on it. That is exactly why we have the events research programme: to try to build confidence so that we can get the sector up and running again. We will be looking at alternative ways in which we can continue to support the sector, including indemnity.