60% of UK Event Industry Suppliers Could Fold Within Three Months

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A recent online survey has revealed the shocking statistic that around 60% of suppliers to the UK’s event industry are facing collapse within three months unless event businesses receive further support from the government. Of those businesses, 6% said they are unlikely to make it to the end of April.

That’s according to an online survey carried out by the Events Industry Forum (EIF), Business Visits and Events Partnership (BVEP) and Production Services Association (PSA) between 3-7 April.

Within the business events sector, 74% of all conferences and exhibitions have been postponed to the last quarter of 2020 and the remainder cancelled altogether.

“With so many events already cancelled and no certainty about when they will be able to start again, our industry is on its knees,” said Jim Winship, secretary of the Events Industry Forum.

“We urgently need the government to confirm to local authorities that all event organisers and suppliers to our industry are eligible for the hospitality and leisure grants – that will give an immediate lifeline for many.”

BVEP’s chairman Michael Hirst OBE, said: “This survey clearly indicates that the UK is in danger of losing its capacity and expertise to stage world-class events. Hopefully its findings will underline the desperate need to provide more support to sustain the industry’s suppliers and contractors until they can start operating again”.

The findings of the survey echo the sentiment of HBAA’s chair Lex Butler, who said recently: “Commercial rent relief is urgently needed to sustain the life of many agencies and venues now and in next few months.”

A similar survey has been launched by the The Ministry of Culture and Knowledge Development (MCKD), the Arts Council and the Cultural and Creative Industries Council to further understand the issues and challenges facing the creative community in the UAE.

If you’re involved in the creative or performing arts sector in the UAE, this is an excellent opportunity to have your voice heard, raise concerns, suggestions etc. To take part please click the link below…

https://www.questionpro.com/a/TakeSurvey?tt=PovVnLjWq00%3D

Please share your feedback before 28th April, 2020.

Meanwhile, several members of the UAE event community came together recently to launch the online platform ‘We Stand Tall And Together’, (WSTAT) a community based ‘rallying cry’ for the local event industry. The aim of the platform is bring the local event community together to hopefully answer the fundamental question, ‘what can the event and exhibition industry do to survive?’

Elsewhere, the Dubai Economic Department (DED) has issued a survey in order to “evaluate and structure responses to ensure business continuity, develop resilience, maintain the safety and security of employees and assure we overcome the adverse economic impacts.”

Event Industry professionals are encouraged to participate.

Please click here to take the survey. (5-7 mins)

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