PLASA publishes results of Covid-19 member survey
Tuesday, 7 April 2020
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UK - A survey carried out by PLASA has revealed the financial struggles faced by businesses in the entertainment technology industry as a result of the COVID-19 pandemic.
Conducted from 18 March and completed by 145 PLASA members, the study shows the early impact that various restrictions triggered by the pandemic have had on the industry, with PLASA currently conducting a follow-up survey to gain insight into the ongoing challenges that the sector is facing.
From those surveyed, half said that they’ve lost at least 50% of the business for the year, with a fifth saying they’ve lost between 80% to 100% of all their business.
PLASA is currently pushing for the government to include the events supply chain in the Retail, Hospitality and Leisure Business category in order to qualify for much needed Business Rates cash grants which are already available to shops, pubs, restaurants, theatres and music venues. Alongside asking the government to insist that landlords of rented business premises support business tenants through the coronavirus crisis.
PLASA says it is also concerned about "the number of freelancers who operate as limited companies who are not receiving a fair amount of support in comparison to their sole-trader colleagues. Many were forced to operate as a limited company to comply with off-payroll tax rules, are now unable to claim for dividends meaning they lose out on fair government support."
PLASA has a dedicated web page to support businesses and individuals during the pandemic, as well as closed groups on Facebook and LinkedIn where members can seek and offer advice.
For more information, visit www.plasa.org/coronavirus

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