Hit the right note: The talks come when Glastonbury - probably in June - was canceled for the second year in a row because of the pandemic

Treasury could step in to help support some of this year’s biggest summer music festivals after organizers struggle to get cancellation insurance

The Treasury Department could step in to support some of the biggest summer music festivals this year after organizers struggled to get cancellation insurance.

It is believed that a plan has been discussed under which the Treasury Department would work closely with insurers to develop a taxpayer-backed compensation system to protect against loss.

Minister of State for Digital and Culture, Caroline Dinenage, said: “We understand [insurance] is an obstacle to many of the live music events that can take place later in the year and we are discussing this with our colleagues at the Treasury. ‘

Hit the right note: The talks come when Glastonbury – probably in June – was canceled for the second year in a row because of the pandemic

The intervention could give the hospitality industry a much-needed boost. Talks come when Glastonbury – expected in June – was canceled for the second year in a row because of the pandemic.

The Culture Committee of the House of Commons has written to the Chancellor calling for a government-supported Covid insurance system.

Julian Knight, chairman of the committee, warned that Britain is in danger of becoming a “cultural wasteland” if action is not taken soon to support musical events.

“We’re world leaders when it comes to festivals, but we won’t have events if the government doesn’t support insurers,” he said.

The Treasury Department said: “We are supporting festivals with the £ 1.5 billion Culture Restoration Fund and will continue to work with organizers to remove the barriers to a restart – including the challenges of getting insurance.”