One of the (many) reasons that many parts of the 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 have been unaware as to how important they are when it comes to the government analysing businesses.
Add a SIC code to your business and let the events industry be counted
EIA has been working with other BVEP Partners, including Beam, PLASA and Evcom, 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 that we can monitor and use 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.
List as many of the following as possible!
In the UK, you can list four codes on your return to Companies House, although most businesses only use one, and for many, this is not always relevant as the descriptions are not well matched. Equally, 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 are unlikely to be totally accurate to many of your businesses and we are campaigning to get the descriptions made ‘wider’. But in the meantime, we believe they will help achieve our aim of improving data and visibility.
Currently classified as: Activities of exhibition and fair organisers.
Currently classified as: Activities of conference organisers.
Currently classified as: Letting and operating of conference and exhibition centres
Currently classified as: Support activities to performing arts
This subclass includes support activities to performing arts for production of live theatrical presentations, concerts and opera or dance productions and other stage productions; activities of directors, producers, stage-set designers and builders, scene shifters, lighting engineers etc.; and activities of producers or entrepreneurs of arts live events with or without facilities. Click here to find out more