Responding to the Treasury backed reinsurance scheme for live events Deborah Annetts, ISM Chief Executive said, “The introduction of a government-backed reinsurance scheme is an enormously positive step and musicians will breathe a sigh of relief today. We have world class performers in our country and this support means that they should be able to get back to what they do best, entertaining live audiences once more.
It has always been clear that the live events sector would be unable to return to anything like its previous strength without reinsurance support, which begs the question, why did the Government not come forward with this support earlier and prevent our sector missing out on months of planning after an incredibly difficult period.
The creative industries have pulled together and campaigned tirelessly for this important scheme, and while we’ll examine the details closely, we’re delighted that the Government has listened and delivered.”