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Events Industry: Insurance

Question for Treasury

UIN 145798, tabled on 29 January 2021

To ask the Chancellor of the Exchequer, what steps his Department is taking to support the contingency insurance market for live events.

Answered on

8 February 2021

At this stage of the pandemic it is still difficult to provide the certainty the sector needs to plan. It is therefore not the right time to consider an insurance-based solution. However, we are closely monitoring the situation and as the public health situation improves and the path to re-opening becomes clearer, we will work with DCMS to review how to communicate that path and support the sector, including sporting events, to safely reopen.

I am aware that many large events have long lead-in times, so potential support will need to be considered before public health restrictions are relaxed. Officials are working to understand what a viable roadmap would be for the reopening of the events sector and therefore the right point for considering potential support options, including insurance-based solutions.

Answered by

Treasury