The EIA welcome the Chancellor's announcement of a new Covid Cancellation Insurance Scheme

The EIA, comprising of AEO, AEV and ESSA, welcome the Chancellor's announcement of a new Covid Cancellation Insurance Scheme. The exhibitions sector has been significantly impacted during the pandemic with forced cancellations due to government and local authority restrictions. While we understand the necessary public health restrictions that have been in place, the impact on the sector has been devastating. The uncertainty caused by the pandemic has undermined the insurance market for our sector.

https://www.gov.uk/government/news/government-backed-insurance-scheme-to-give-boost-to-events-industry

This government-backed insurance scheme will bring some much needed confidence to a sector, and its supply chain, which often acts as the UK's shop window to the world, and allow the industry to rebuild itself despite the continued uncertainty pandemics bring. Our members provide trading platforms for over 180,000 businesses, fuelling trade and economic impact across the UK and across every market sector, and we look forward to playing our part in driving the UK's economic recovery. This new insurance scheme will hopefully play an important role in our ability to do that as we reopen in a safe and responsible manner.