Parliament discusses events role in UK growth

Details of a report circulated by MPs, outlining how the UK events industry can work with national and local government to increase Britain's competitiveness internationally, have been revealed.

Parliament discusses events role in UK growth
Parliament discusses events role in UK growth
The report speculates that, with the right support, the industry could grow from its existing value to the UK economy from £36.1bn to £42.2bn in 2015 and £48.4bn by 2020.

The All Party Parliamentary Group for Events (APPG) report was viewed by MPs and some private parliamentary secretaries to ministers. It was compiled jointly by the Events Industry Forum and the Business Visits & Events Partnership.

The report also demonstrates the growth opportunity for the estimated 25,000 companies that rely on the industry, focusing on the ‘invisible benefits’ of meetings and events, supporting UK export and positioning the UK as the centre of international business, intelligence and knowledge sharing.

It also underlines the vital role events play in bringing together ‘global leaders and thinkers'.

"This is not just about coming cap in hand to government, but about a collaborative effort to work together," said Nick de Bois, MP. "Events in Britain represent a major opportunity for growth for UK PLC and a chance to underline our place as a centre for global business."

Phil Mist, representing the Event Industry Forum, which provides the secretariat to the APPG, added: "With the countdown to the London 2012 Olympic and Paralympics Games and The Queen’s Jubilee well under way, the UK events industry will undoubtedly again show the world that organising major outdoor and sporting events is one of our specialities, and because of our expertise, the UK economy as a whole will benefit accordingly."

Michael Hirst, Chairman of the Business Visits & Events Partnership added: "This report comes at a crucial time for the UK economy as the government considers its growth agenda. The UK events sector is well set to play a pivotal role in facilitating economic growth and added employment by showcasing Britain as a world class destination for international conferences and trade shows, as well a staging its great sporting and cultural events and festivals".

This year’s Britain for Events campaign will launch at The Deck on the 27 October.

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