One of the (many) reasons that parts of our industry have been excluded from support by the government is because, from a statistics point of view, the industry is “invisible” with a lack of relevant Standard Industrial Classification of economic activities (SIC) codes.
Equally, most of us are unaware of their importance when it comes to the government analysis of businesses.
Beam, BVEP, #WeMakeEvents and PLASA, as well as others from the EU and USA, have been campaigning for some changes to these codes to make them more relevant. However, that is going to take between three to five years as they are agreed upon internationally.
In the meantime, to create our own yardstick and to inform the government in the future, we are asking every company to include at least one code from the selection below in addition to that which you currently use.
In the UK, you can list four codes on your return to Companies House. By using more than one, you can retain any existing key sector category such as manufacturing or transport but use the additional codes to flag your connection to the Live Events sector.
The idea is to get all companies involved in ALL aspects of the events industry to use these codes – to help create data and visibility and to demonstrate how financially significant the industry is.
We are aware that the descriptions that go with these codes may not be totally accurate to many of your businesses and we are campaigning to get the descriptions made ‘wider’. In the meantime, we believe they will help achieve our aim of improving data and visibility.
This class includes the provision of food services based on contractual arrangements with the customer, at the location specified by the customer, for a specific event. Click here to find out more
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