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Subvention funding key area for Event Organisers finds BVEP research

The Business Visits & Events Partnership (BVEP) has revealed the findings of its UK Subvention Policy and Bid Support Practices for International Conferences and Events Report, highlighting an increase in the request for funding and in-kind support, particularly amongst association and charity organisations. Crucially, it also cited a significant amount of business being lost to overseas destinations, due to better subvention offering and support provision outside of the UK.

The research was commissioned with the aim of updating the information contained in its previous report from 2011 into subvention and bid support practices as well as to inform and guide the work of the newly formed Events Industry Board and its objective of identifying and winning more major international events to the UK.  

Research was collated with feedback from largely UK based direct and professional conference organisers as well as UK and international convention bureaus and destination marketing organisations.  

Findings also highlighted the real importance organisers place on having the right combination of subvention including infrastructure, welcome and convention bureau support, quoting; ‘The most important thing is that all stakeholders in the destination need to be on board with the bid and critically ‘want’ the business…. a joined up approach will undoubtedly win the confidence of the event buyer who is placing the business.’  

The UK destination that was identified by organisers as leading the way in the provision of subvention funding was Glasgow, followed by Liverpool and to a lesser extent Belfast.  

Speaking of the results, Michael Hirst OBE, Chair of the BVEP says; “The report gives a clear and insightful look at the state of subvention funding practice in the global marketplace. The areas that it has identified, not only give some guidance to where the focuses need to be for the Events Industry Board but also some key learnings for the wider industry as a whole.”  

The research for the UK Subvention Policy and Bid Support Practices for International Conferences and Events Report was undertaken by The Right Solution and Tony Rogers Conference and Event Solutions.

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