Eight things event profs need to know about the Autumn Statement

The government is investing heavily in the 'Northern Powerhouse' concept, while cutting the budget for the Department of Culture, Media and Sport.

The government is investing heavily in the North
The government is investing heavily in the North

Funding for elite sport events will increase

Coming off the back of the Rugby World Cup and London 2012, the government will support ambitions to host the cycling Road World Championships and 2021 Rugby League World Cup in the Northern Powerhouse.

There are plans to open a new National College for Creative and Cultural Industries 

This will be based in Essex, however is 'subject to due diligence'.

A new Discover England Fund will launch to boost tourism across England.

This follows reports that overseas visitors contributed £28bn to the UK economy in 2014, making travel and tourism one of the UK’s largest service exports.

The budget for the Department of Culture, Media and Sport has been cut by 5.1%

This is in terms of cumulative real growth.

The doubling of small business rate relief will continue for another 12 months to April 2017

Around 405,000 of the smallest businesses will continue to receive 100% relief from business rates, with around a further 200,000 benefiting from tapering relief.

A number of venues outside of London will receive heavy funding by 2020-21

These include the Factory Manchester, which will receive £78m in government funds, the Museum of Science and Industry in Manchester, the Manchester Museum and Birmingham Dance Hub. Half a million pounds will go towards celebrating the 400th birthday of the Mayflower in Plymouth in 2020. 

A total of £20m will go towards hosting the Great Exhibition of the North 

This includes a £15m Great Exhibition Legacy Fund to ‘pave the way for future cultural investment in the Northern Powerhouse’. Gary Verity, who brought the Tour de France to Yorkshire last year, has been tasked with leading the project. 

One million pounds will go towards Hull, City of Culture 2017 

This is in order to create a lasting legacy for the city’s European status and to prepare for the next UK city of culture.

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