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Festival Insights NEWS: £800 million Reinsurance Scheme officially opens to help give live events cover to plan with confidence

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  • The UK Live Events Reinsurance Scheme will give events the confidence they need to plan through to summer 2022
  • The Scheme will support live events across the country – such as concerts and festivals, conferences and business events – that are at risk of being cancelled or delayed due to an inability to obtain Covid-19 cancellation insurance

Chancellor Rishi Sunak and Culture Secretary Nadine Dorries have today opened the scheme worth over £800 million to reinsure live events against Covid-related cancellation.

The live events sector is worth more than £70 billion annually to the UK’s economy and supports more than 700,000 jobs, including small businesses and the self-employed. This intervention will support the UK’s economic recovery from the Covid-19 pandemic by giving events the confidence they need to plan for the future, whilst also ensuring that we deliver value for money for taxpayers.


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