A statement from AIF CEO Paul Reed on the UK Government’s 2021 Budget and Spending Review

27 Oct 2021

“We look forward to hearing more detail about some of the measures announced by the Chancellor today, in particular the allocation of further Covid-19 recovery funding for the cultural sector. On the surface, however, it doesn’t go far enough in supporting our truly world-leading festival industry. It is clear that the most effective way for the Government to support the industry’s recovery into 2022 and beyond would be to extend the VAT reduction on tickets, look closely at a permanent cultural VAT rate, and completely remove festivals based on agricultural land from the business rates system. Unfortunately, none of this was forthcoming today.”

Paul Reed, CEO, Association of Independent Festivals