UK events sector value expected to rise to £48bn by 2020, says BVEP

The value of the UK events sector is expected to rise to £48bn by 2020, according to the Business Visits and Events Partnership (BVEP).

UK events sector value expected to rise to £48bn by 2020
UK events sector value expected to rise to £48bn by 2020

This represents a 15% rise from the current £41.6bn value. Next week (Wednesday 27 October), the Britain for Events campaign will hold the annual parliamentary dinner, providing key event sector represenatives, senior parliamentarians and government officials with the opportunity to informally discuss the figures.

The private, invitation-only dinner, which is being held at The Conrad London St. James hotel, Westminster, will host several senior Members of Parliament, including Zac Goldsmith, conservative candidate for Mayor of London, senior government officials from the departments of Culture, Media & Sport, UK Trade & Industry and Business, Innovation & Skills, along with the chief executives of Visit Britain and Visit England.

The events sector will be represented by senior figures from Zibrant, MCI, Principal Hayley, Arora Hotels, the AEO, BVEP and the SECC.

The BVEP has already increased the estimate for the value of the events industry in 2015, with the figure expected to rise to £42.3bn by the end of this year.


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