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<p>No estimate is available currently for this but we will analyse the impact of the
funds we have already announced. We are continuing to meet with live events stakeholders
to provide support and guidance for venues to re-open and stage live events.</p><p>The
Secretary of State announced an unprecedented £1.57 billion support package for the
cultural sector which will benefit the live events sector by providing support to
venues and many other cultural organisations to stay open and continue operating.
On Monday 12 October, the Government announced an investment of £257 million in 1,385
organisations including venues, festivals, theatres, museums and cultural organisations,
through the <a href="https://www.artscouncil.org.uk/news/Culturerecoveryfundawards"
target="_blank">first tranche of Culture Recovery Fund: Grants programme</a>, administered
by the Arts Council. Over the coming weeks further Culture Recovery Fund awards will
be announced - including round two of Grants under £1 million, grants over £1 million,
and the Capital Kickstart and Repayable Finance programmes.</p><p>The Chancellor has
announced the Winter Economy Plan to protect jobs and support businesses over the
coming months, once the existing Self-Employment Income Support Scheme and Coronavirus
Job Retention Scheme come to end. We are also offering businesses who face a drop
in demand for their services and possible cash flow issues generous terms for the
repayment of deferred taxes and government-backed loans.</p><p>We continue to engage
with the sector to discuss the on-going challenges facing the industry.</p><p> </p>
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