The budget request aims to secure long term targeted support to aid the recovery of the industry.
Jane Longhurst, chief executive of the mia, expressed concern that the much events business has now been stalled beyond Q3 in 2021
Crucially, a £594m discretionary fund has also been made available to support other impacted businesses
To date, it is estimated that some 200,000 jobs in the £84bn events industry have been lost
Previously, the maximum pay-out was capped at £50m
Rishi Sunak has been under sustained pressure from Conservative lawmakers and the Bank of England, the Financial Times reported
Speaking at the evidence session, Chamberlain called for the government to extend the Coronavirus Job Retention Scheme to include dividends