The Treasury said: “This scheme will support live events across the UK that are open to the general public. It will cover costs incurred in the event of cancellation due to the event being legally unable to happen due to government Covid restrictions.”
The Association of Independent Festivals (AIF) has estimated that a quarter of festivals with a capacity of more than 5,000 people have already been cancelled because of government inaction on event insurance, so for some festivals and events this is too little, too late.
The Musician's Union commented: "The major problem with the scheme is that the insurance does not cover a scenario where an event that is promoted without social distancing subsequently has social distancing imposed on it, and therefore becomes uneconomical to run and is cancelled." Via Musician's Union