The UK Government “switches lights off” for an entire sector

Michael Kill, NTIA CEO, says:
“This is a hugely devastating blow for the very industries that have been hardest hit by this pandemic; in a very real sense, the Prime Minister has switched the lights off for an entire sector. Many businesses have not survived this pandemic and others are on a financial cliff edge, unable to operate viably. Hundreds of thousands of jobs have already been lost, a huge pool of creative talent has been swept away, and we have been left to suffer extreme financial hardship.”

“This delay will drive confidence in the sector to a new low, culminating in more of our workforce being forced to leave the industry, and customers, who have been starved of social engagement, attending illegal unregulated events in place of businesses that are well-operated, licensed and regulated.”

“These businesses are overburdened with debt and so any decision to delay the full reopening of our sector must be paired with a robust financial support package, including additional restriction grants, exclusion from furlough contributions, extension of loan repayment holiday for CBILS/BBS, as well as business rates and VAT relief for the next 12 months, not forgetting the £2.6 billion in commercial rent debt left unresolved.”

“The Government must understand the human impact of this decision, not only considering the public health challenges of the virus but also the people within our sector who are suffering terribly and the real health risks that this represents. This is particularly important given the overwhelming confidence in the vaccination rollout, and the ability for our sector to deliver Covid safe and regulated environments.”

“Distressed industries cannot continue to be held in limbo, with thousands of businesses left to fall. This delay, which again offers no clarity on when businesses can open, is leaving many in the industry angry and frustrated, alongside other businesses who have been locked down or restricted from opening through no fault of their own, and at their own cost.”

Key Asks from Government:
*Extension of Restriction Grant for Businesses
*Extension to CBILS/BBS Loans Repayment holiday
*Exclusion of Closed Businesses from proportionate Furlough Contributions
*Extension of Forfeiture Moratorium until the End of 2021
*Extension of Business Rates Relief
*Extension of VAT Relief at 5%
*Events and Festival Insurance Cover


About the Author

Director and DJ, Ian French (Naif) is passionate about every genre of music from Breakbeat, to Drum & Bass, to Techno and House. A man that lives in a world of beats and bass, and total confusion about life!