Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what plans his Department has to create a Government-backed insurance scheme to prevent the cancellation of festivals, live music and events in summer 2021.
On 22nd February, the Prime Minister announced the Government’s roadmap to cautiously ease lockdown restrictions in England, including an ambition to lift restrictions on large events in Step 4, subject to the outcome of the Events Research Programme.
Officials are considering the most appropriate way to support the events sector, informed by the findings of the scientific programme in the Spring.
We will continue to engage closely with insurers and the events sector to understand the barriers faced by the sector as we recover from the pandemic. Any changes would be communicated to the sector with suitable notice.