An overview of the development and rollout of the Coronavirus Business Interruption Loans Scheme, the Coronavirus Larger Business Interruption Loans Scheme and the Bounce Back Loans Scheme, including refinements and challenges.
Documents to download
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Arts and culture industries: economic contribution and COVID-19 (205 KB, PDF)
This paper was prepared ahead of the Westminster Hall debate on Tuesday 6 October 2020 on the contribution of theatres, live music venues and other cultural attractions to the local economy.
The economic output of arts, entertainment and cultural activities was £10.47 billion in Gross Value Added (GVA) in 2019; equivalent to 0.5% of the whole economy. The majority of this (£7.92 billion) was from the arts and entertainment sub-sector.
The arts and culture sectors have been one of the hardest hit during the pandemic. A detailed discussion of the impact of COVID-19 on the cultural industries is provided in the House of Commons Digital, Culture, Media and Sport Committee report published in July 2020: Impact of COVID-19 on DCMS sectors (HC291) – see pages 22‑39.
Documents to download
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Arts and culture industries: economic contribution and COVID-19 (205 KB, PDF)
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