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PRIVACY
Opinion

Wales being left behind the rest of the º£½ÇÊÓÆµ in reopening the vital events sector

Wales is lagging behind despite clear guidance from businesses as to how they will operate safely to protect their employees and clients

(Image: Richard Williams/WalesOnline)

A cartoon published at the beginning of the Covid-19 shutdown showed a sad looking man standing at the Pearly Gates to heaven.

St Peter is checking the ledger and looks up to the man stating: “Says here that you should be in hell but since you were in the events industry during coronavirus, we’ll count that as time served”.

Not the best joke ever but the sentiments are real for anyone working in any events-oriented business during the last five months with social distancing rules having made any conference, business dinner or networking event impossible to undertake.

This hiatus will have had a serious economic impact in the º£½ÇÊÓÆµ given that the overall events industry is estimated to be worth £70bn in direct spend, accounting for over 50% of the º£½ÇÊÓÆµ visitor economy.

Whilst £39bn of this comes from leisure (including arts and cultural events, music events and festivals) and sporting events, over £31bn of the total is actually generated from business events, meetings, conferences, and exhibitions.

In addition, there are over 5 million inbound visits to the º£½ÇÊÓÆµ annually to attend a business event, generating almost 20 million overnight stays and a spend of £3.5bn every year.

More relevantly, the industry is estimated to employ over 570,000 people although given the banning of live events, most of these individuals have been put on furlough. This means that if the industry does not reopen soon, many are likely to lose their jobs over the next few months.

This not only includes those employed in large venues such as ICC Wales, the Motorpoint Arena and Venue Cymru but also those working in supply chain businesses in sectors such as food production, audio visual production, equipment hire and entertainment, many of whom are self-employed or small businesses.