Trafalgar Entertainment issues statement calling for government financial support for theater industry
Dame Rosemary Squire, Co-CEO of Trafalgar Entertainment, has pledged that the government will act now and provide financial support and compensation to the theater industry.
In her statement, Rosemary calls for the reinstatement of lifeline programs, an immediate return to 5% VAT on ticket sales and relief in trade fares, the reintroduction of leave and job retention programs and Moreover.
Trafalgar Entertainment is the UK’s second largest theater company, with Trafalgar Theater in the West End, the 14 regional theaters of HQ Theaters and the new Olympia Theater in West London.
Read the full statement below:
The government must act now and offer financial support and compensation to our world-beating theater, entertainment and hospitality industries or we will have a hard time surviving.
As we do everything possible in our theaters to protect staff, clients and performers with robust security measures, the virulent variant of Covid Omicron is now causing enormous disruption and irreparable damage to an already fragile theater industry . In what would typically be our busiest time of year, we are now unfortunately seeing canceled performances across the board and Covid outbreaks among cast and production staff. This, together with confusing and contradictory messages from the government, lowers consumer confidence. The government must act now and offer financial support and compensation to our world-beating theater, entertainment and hospitality industries or we will have a hard time surviving. Our industries depend on each other, but we cannot do it alone.
The lifeline programs that the government only very recently shut down could easily be reinstated. Together with our colleagues in industry, we appeal to the government for the following help. An immediate return to 5% VAT on ticket sales and a reduction in commercial tariffs on cultural buildings, the reintroduction of leave and job retention schemes and an extension of the eligibility criteria for the culture to include former recipients of CRF repayable funding, as well as a change in formation date requirements to allow more commercial productions, which may only have formed since theaters reopened earlier this year, to apply for the component. We are also calling for an amendment to the theater tax relief legislation to allow expenses incurred since October 27 to qualify for the higher rate, which will give producers in the commercial and non-profit sectors greater confidence. and greater resilience, while continuing to encourage future work.
Covid and its many variations will undoubtedly be around for many years to come, so we all need to find ways to live with it. And as we look to 2022 and beyond, our industry will continue to face these challenges, and we must all be ready to adapt, innovate and reassure.
Another foreclosure without the proper financial support in place would be disastrous. Tens of thousands of jobs, livelihoods and mental health depend on it. The economic impact would be enormous. We cannot be left in such critical condition. The theater is a refuge and a joy in times like these – we must protect it.