The Business Visits & Events Partnership (BVEP), the umbrella body and advocacy group representing the UK events sector, has today published its Shape of Events Report.The report was sponsored by brand communications agency davies tanner, and contains several headline findings, including:
- Overall event activity was down 95% across the UK during the past 12 months
- The BVEP estimates the UK events industry lost £57 billion of value from the pre-pandemic level of £70 billion
- 17% of event and exhibition businesses permanently ceased trading during 2020
- 126,000 jobs were lost during the same period
However, the BVEP finds that the pandemic has also been a catalyst for change and innovation across the entire events sector.