As the UK Government embarked on a series of high level business summits to encourage more trade and investment in Britain, the UK Events industry called upon the Prime Minister and other Ministers to do more to help attract international business events and world conferences to Britain, and support the use of meetings, conferences and exhibitions to promote research and scientific development, trade and exports.
In a letter to David Cameron, The Business Visits & Event Partnership, which represents the leading players in the business events sector says there is estimated to be a £500 million boost to business events from the London Olympics and Paralympic Games, as an additional 20% in expenditure is derived from business and incentive groups visiting the Games, holding meetings and special events and extending their stay around Britain. In addition, latest research reveals that 20% of existing conference and exhibition venues are being upgraded or extended with £1 billion being spent on improvements.
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