PARLIAMENTARY WRITTEN QUESTION
Events Industry: Insurance (2 February 2021)
Question Asked
Asked by:
Jamie Stone (Liberal Democrat)
Answer
We are aware of the concerns which have been raised about securing insurance for live events.
Understandably, the bar for considering Government intervention is set extremely high. Given the high costs involved in setting up a scheme we need to make sure it is the most effective use of funds at a time when we are looking at how best to support the sector.
The evidence of market failure must clearly demonstrate that such a scheme is the only barrier to staging events. At the moment, progress with the vaccine rollout and beating the virus is crucial in determining a timetable for staging events.
We are working closely with the sector to determine the appropriate and most effective response within the public health context.
Answered by:
Dame Caroline Dinenage (Conservative)
8 February 2021
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