MPs told state-backed insurance could allow festivals to plan summer events with confidence
The vast majority of British music festivals will disappear if faced with a second consecutive barren year, according to evidence given at a parliamentary inquiry into their post-pandemic survival.
Following a live music action plan published on Tuesday by industry body UK Music, the cross-party Department for Culture, Media and Sport (DCMS) committee inquiry heard a plea from the sector for the government to offer its own insurance scheme to protect festivals from bankruptcy, as the new pandemic lockdown harms consumer confidence ahead of the summer season.
