UK Music, the music industry trade body, has urged the government to create an insurance scheme that would stop the premature cancellation of summer festivals.
The body has said that event organisers face a lack of confidence that will result in having to pull the plug on events for the second year in a row if they do not receive both government support and clarity.
Jamie Njoku-Goodwin told Reuters that the industry, which contributed £1.3bn to the British economy in 2019, could play a “huge role” in the UK’s “post-pandemic recovery” if festivals were given the security to plan for the summer.
He said: “So we are asking for an indicative date from government saying when we can restart again safely as an industry, but also asking for an insurance scheme from government underwritten by government that will help insure events, so that if they are cancelled there’ll be some sort of compensation.”
Despite the calls for greater support, the department for digital, culture, media and sport has responded that it is already “working flat out” to save the sector.
A spokeswoman told Reuters that over £1bn has been offered to organisations within the sector, “protecting tens of thousands of creative jobs” in the process.
Njoku-Goodwin claims that the industry only has a “matter of weeks” to find a solution and convince events not to cancel.