To ask the Secretary of State for Digital, Culture, Media and Sport, how many applications have been received for the Live Events Reinsurance Scheme since its opening.
The Government recognises the important contribution that the Live Events sector makes to the UK’s culture and economy, and the significant challenges the Covid-19 pandemic has presented. The Live Events Reinsurance Scheme is designed to provide confidence to event organisers and enable them to plan future events, thereby supporting the economic recovery out of Covid-19.
The scheme is a reinsurance scheme whereby insurers provide cover to purchasers, and eligible policies are then reinsured under a reinsurance contract with the government - the terms of which are publicly available. As such the government does not receive applications to the scheme: policies are either eligible or ineligible.