ONS statistics

ONS statistics show hard hit arts and entertainment sector

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If you love data and believe in the power that it has then #eventprofs should check out the latest figures to be released by the Office of National Statistics (ONS).

According to the stats, 80 per cent of businesses in the arts, entertainment and recreation sector have paused trading and temporarily closed their business. The data relates to the period April 6-19, 2020.

Furthermore, businesses that indicated they had temporarily closed or paused trading were also asked separately what proportions of their workforce had been furloughed or made redundant. Of businesses that had temporarily paused or ceased trading, apportioned by employment size 81 per cent of the workforce were furloughed, less than one per cent of the workforce had been made redundant and 19 per cent of the workforce had other arrangements between the dates specified.

Other figures show that 76.3 of entertainment/arts businesses had applied for the Coronavirus Job Retention Scheme, 57.2 per cent has applied for business rates relief, 61.2 per cent have deferred VAT payments and 18 per cent had applied for a small business grant/loan.

To check out the statistics, click here and here.