Industry reacts to €1.7bn UK rescue package
Live music and related associations have welcomed news the UK government will make available £1.57bn in grants and loans for cultural-sector businesses
News By IQ | 6 July 2020
Yesterday evening, the British government announced an unprecedented financial rescue package for the UK’s hard-hit cultural sector, promising £1.57 billion (€1.74bn) in grants and loans for arts and creative businesses to get back on their feet post-Covid-19.
While many of the specifics of the scheme – including eligibility and how much money is allocated to music specifically – have yet to be revealed, the government intervention has been widely welcomed by the live music business, which last Thursday came together…
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