UK live industry cautiously welcomes 2021 budget
An additional £300m in the CRF, a longer furlough scheme and an extension to the reduced rate of VAT are tempered by the lack of support for festivals and ltd companies
News By IQ | 3 March 2021
The UK’s live music industry has welcomed many of the provisions contained in the 2021 government budget, presented this afternoon by chancellor of the exchequer Rishi Sunak, but expressed its disappointment at the continued lack of a European-style insurance scheme for festival organisers.
Among the measures unveiled by Sunak in the Commons today (3 March) are an extra £300 million for the Culture Recovery Fund (CRF), ‘restart grants’ for hospitality/leisure businesses, the extension of the coronavirus job retention scheme (furlough)…
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