During the pandemic, the events industry across the UK was hit hard as venues were shut, Covid rules were brought in to restrict attendance and there was a general reluctance by sponsors and businesses to get involved in a situation where uncertainty and cancellations were the norm. Whilst there was a shift to online events and meetings and there was some success in making this transition, this did not make up for the lost revenue from holding live events across the UK. Given that much of the sector was essentially stopped from working during the last two years, it is easy to forget that the event industry is a significant contributor to the UK economy, with a recent report submitted to the Department of Digital Culture Media and Sport estimating that the industry generates £84 billion every year with conferences and business events generating over £18 billion in direct spend annually. Of course, nothing beats attending a live events as opposed to sitting in front of a computer as one ...
Entrepreneurship, innovation and the economy