Economy and infrastructure top the agenda for event planners

The government's Autumn Statement has not alleviated fears about economic uncertainty and plans for future transport infrastructure, according to event planners.

Event industry reacts to Autumn Statement
Event industry reacts to Autumn Statement

In response to the budget, which was delivered yesterday by chancellor Philip Hammond, event planners identified economy and transport infrastructure as two key concerns for the industry.

While promised cuts to corporation tax were welcomed by the events industry earlier in the year, Randle Stonier, founder of AddingValue, said that there was nothing in the budget to suggest any major economic changes. "Since Brexit we’ve known we’d be facing major economic uncertainty and that is still the case. If anything the budget compounded that. The transport and infrastructure developments sound promising, but I don’t know how much of that is new and how much will be delivered. Having watched two election processes this year, both Brexit and Trump, it seems like it doesn’t matter what people say now. We need to see what actions are taken before we have a clearer picture of what will happen."


More on Brexit:

BREXIT: instability impact 

BREXIT: economic impact

 


Transport

For Simon Hughes, vice chair at BVEP, infrastructure developments will be key to the future of the events industry. "The challenge, given the current financial constraints, is whether enough money has been allocated. On the face of the budget, it’s good news that we’ll be getting more money for transport but more support will be needed further down the line. In terms of road and rail networks, lots of other connections are required, but this is a good start."

Meanwhile Dale Parmenter, CEO of drp, said that although the budget was a start, more needed to be done. "In my opinion it’s not a very surprising budget. I'm pleased to see the £23bn infrastructure investment by 2020 but I'd like to see that accelerated by 2017. Transport is so crucial to our industry that it needs to happen quickly. The new Oxford to Cambridge development is good news but it needs to go further with expansion into the West Country and across from east to west."

More:

Nick de Bois announced as new Events Industry Board chief

Britain for Events launches second #NEMO campaign

Has the Conservative government helped the events industry?

• For more breaking news and in-depth features, sign up to C&IT Magazine's daily Newstracker here  

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in
How events can save the world

Crisis planning, sustainability, wellbeing and inclusion can cause difficulties for event organisers. So is it possible to host a truly ethical event?

Wellbeing makes 'good business sense'

Wellbeing makes 'good business sense'

Annie Metcalfe from Clear Partners says planners must adapt to the changing demands of incentive travel programmes.

Amex GBT appoints new general manager for meetings and events

Amex GBT appoints new general manager for meetings and events

Gerardo Tejado has held a number of commercial and client management roles at American Express GBT over the past 17 years.

Incentives are coming: 7 Game of Thrones-inspired destinations

Incentives are coming: 7 Game of Thrones-inspired destinations

From Croatia to Northern Ireland, the fictional land of Westeros has filming locations around the world ideal for meetings and events.

What does an HR expert look for in Best Places to Work accreditation?

What does an HR expert look for in Best Places to Work accreditation?

An independent HR consultant explains what judges are looking for in accreditation like C&IT's Best Places to Work.

Events budgets return to steady growth, Bellwether Report finds

Events budgets return to steady growth, Bellwether Report finds

UK companies increased their marketing spend in Q1 2019, in contrast to flatlining budgets at the end of last year.

'Unlocking the best parts of destinations' is key for event planners

'Unlocking the best parts of destinations' is key for event planners

Venues should use their expertise to help familiarise planners with a new destination, says panel at the C&IT Association Forum.

Case study: CoinGeekWeek conference

Case study: CoinGeekWeek conference

CoinGeek transformed The Mermaid London for its three-day conference on cryptocurrency and blockchain.

New senior account manager for Top Banana

New senior account manager for Top Banana

Natalie Benson joins from ACA Live and will work on finance, automotive and retail accounts.

Facial recognition will change the way we measure audience engagement

Facial recognition will change the way we measure audience engagement

This kind of technology could scientifically prove the value and impact of events, says Dan Broadberry from Brands at Work.

LATEST JOBS