The Federation responds to the Chancellor's statement regarding businesses affected by COVID-19
Responding to the announcements by the Chancellor today regarding businesses being affected by COVID-19, Caroline Norbury, CEO of the Creative Industries Federation and Creative England, said:
We welcome the positive measures announced today, in response to the issues raised by the creative sector. These include a £330bn loan fund, grants of up to £25,000 for the smallest leisure, hospitality and retail businesses, and the extension of 100% business rate relief to all businesses in these sectors, which includes many creative organisations and cultural spaces. It is now vital that government ensures these business support measures are available as a matter of urgency, and that they are made truly accessible to creative and cultural organisations.
However, a third of the UK’s creative workforce is self-employed and they will be hit hard. The measures announced on mortgage payments and alleviating hardship are welcome but fall short of guaranteeing these workers’ income - a government measure that is now desperately needed.
A Creative Industries Federation survey today received over 2,000 responses in a matter of hours from creative industries and creators being affected by COVID-19. 54% of the respondents expect income to decrease by over 50% due to the fallout from the pandemic, with many already experiencing immediate losses.
Our creative industries are one of the UK’s leading success stories. They are vital, not only for our economy, but for our way of life, bringing communities together and joy to millions around the globe. It is vital that our creative businesses are able to survive.