Continuity in government good for business: BVEP reacts to Conservative Election victory

The BVEP has stated that the Conservative win in the General Election will create stability that is 'good for business', despite its concerns over an EU referendum.

Simon Hughes, vice chair of the BVEP
Simon Hughes, vice chair of the BVEP

In the aftermath of the General Election the BVEP has highlighted the benefits to the events industry of "a stable continuity" in government and the continuation of the GREAT campaign.

However it also announced its concern over the instability that a referendum on Europe could create, and expressed its disappointment over the loss of Nick de Bois as an MP.

Simon Hughes, vice chair of the BVEP, said: "A stable continuity in government is good for business, and growth for SMEs will continue to be encouraged as a key part of the events industry. We will also see the continuation of the GREAT campaign, and its wider events remit in both tourism and export, and most crucially the new Events Strategy from DCMS, that will deliver so much success for the country internationally.

"A Conservative government does mean a continuation of austerity and cuts in spending; this will inevitably hit the UK events industry and the income many organisers gain from local or national government related projects. We should also be wary about international business specifically European inbound event. We know that corporates do not like instability and any referendum on Europe will be an issue in keeping these events secure.

"However it is not all doom and gloom, this government has shown itself to be supporters of tourism, but also of business and their push for export plays into the new positioning of the events industry; one that the BVEP has worked so hard to establish. It is again for us to show how our industry can be a driver to both business growth and international travel that will dictate our future; in this we are well set.

"One of the amazing dynamics of the election has been the growth in SNP, Plaid Cymru and DPU parties, all of which did well, and with an exceptional performance from the SNP. Northern Ireland, Scotland and Wales all rely heavily on tourism so we hope that these regions will see more investment into business tourism as well. 

"We also hope that as the new Conservative government turns to English issues, we will see more support for VisitEngland to both compete more within the UK, but to join forces with the other countries and present a strong Britain in front of international event organisers. This, twinned by this governments support for VisitBritain re entering business events should mean strong support in the winning of international events."

Michael Hirst, the chair of the BVEP, thanks Nick de Bois for his hard work and "positive impact" on the events industry. 

"Nick has been a supporter in UKTI, DCMS and Treasury of everything we have tried to achieve for the industry," said Hirst. "He is a great loss, but his legacy is one of a stronger, better represented and more respected UK events industry."


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