The Meetings Industry Association’s Kerrin MacPhie, chief executive of the mia, said: “The package of support offered by government today will provide much-need reassurance to those operating within the business meetings and events sector, however for a limited time only.
“With energy prices fixed for six months, operators can at least now begin to forecast costs and subsequent pricing more effectively, while also being protected from soaring and simply unsustainable cost increases.
“While such interventions will be welcome by many, in the absence of a long-term solution it is vital that these support packages are evaluated by government on an ongoing basis, and that government recognise sectors outside of the Standard Industrial Classification when determining sector-specific levels of support.
“We know from the results of our recent survey of 129 industry organisations, which featured questions on the cost-of-living crisis, that the rising energy costs are of huge concern to the sector.
“Operating within a highly competitive, price-sensitive market, many have conceded to heavily reduced profits that reflect a further setback to recovery plans, so these cost-savings will prove influential in the short-term as we continue to witness the green shoots of recovery.”
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