60% of UK event suppliers could fold within three months

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.

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