Response from AIF CEO Paul Reed to the Chancellor's Winter Economy Plan, announced today
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"While the extension to the VAT cut is welcome, these measures are not even a band aid for a sector that remains severely wounded.
"Festivals support 85,000 jobs in the UK and our most recent member surveys suggest redundancies of at least 50.5% across the sector, some of which have unfortunately already taken place.
"With the sector still not generating any income at all this year, many employers will simply not be in a position to pay 55% of their employees' salaries to access the support offered by the Government’s new job support scheme.
"This remains a broad brush approach, and we urgently need targeted support.
"We are awaiting the outcome of Cultural Recovery Fund applications on 5 October and this will determine if the independent festival sector will in fact receive the support that it urgently requires."
September 24, 2020 10:30am ET by Pressparty