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Vaccine breakthrough pushes Informa shares up 27%
Other large companies in the events sector, hospitality and airlines also put on big gains
Furlough scheme and SEISS extended
Chanellor Sunak said the scheme will pay up to 80% of employee’s wage up to a maximum of £2,500 a month
Grants for events businesses: Local Authorities given power to provide funding
Local Authorities can determine how much funding to provide to businesses from the funding provided,
Chancellor increases support measures
Addressing the House of Commons, 22 October, chancellor Sunak confirmed changes to the Job Support Scheme and business rates
Ireland moves to highest level of restrictions, with business counting the economic cost
The Republic of Ireland is to move into the highest level (5) of coronavirus restrictions for six weeks as the Dublin government battles to curtail the spread of Covid-19.
Announcing the lockdown, Taoiseach (leader) Micheál Martin said the intention was to subsequently to move back to Level 3.
Government confirms event venues can use Job Support Scheme, but other miss out
To date, it is estimated that some 200,000 jobs in the £84bn events industry have been lost
NEC forced to cut 450 jobs as CEO calls on Government for support
Paul Thandi added that the events industry is not able to take advantage of the chancellor's new Job Support Scheme
London venues urged to sign up to data platform
The data will be shared with media, government and trade associations
Cheltenham looks to grow its existing £40m business events sector
The new Meet in Cheltenham initiative, which is led by the town’s marketing body, Marketing Cheltenham, has been developed to attract more conference, meeting and event business to the area
94% of UK businesses plan to run an online event within the next 12 months
Speakers Corner explained that “shifting events to an online model has been a necessity in keeping the UK events industry afloat during the Covid-19 pandemic”.
