COVID-19.Research conducted across NOEA’s membership of 480 event-based companies revealed the average loss to event businesses is £539,431 with over half suffering losses of £100,000 or more, according to Music Week.Three quarters of the companies surveyed have utilised the staff furlough scheme, while more than 65% are planning redundancies, and 51% of have said they will last until the end of 2020 without further support.“These events are one pay cheque away from going out of business,” said NOEA president Tom Clements. “If they can get them, government grants will get businesses through the next few months, but without any confidence on a September return, the vast portion of the festival season will be gone or at best stagnant until.
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