Business: Economic Growth
The question
To ask the Secretary of State for Culture, Media and Sport, what assessment her Department has made of the potential impact of business events on economic growth.
Answered by Stephanie Peacock
Business events can generate economic growth, create jobs, and boost the visitor economy across the country. In 2024, business events contributed a reported £33.6 billion to the UK economy as a whole according to data from UK Events.
The average business traveller spends more than double that of a leisure tourist (£209 v £101) and, with 38% taking place outside of London, business events are an example of how events can support economic growth across the UK
The British Tourist Authority also supports organisations in attracting international business events across UK cities via the Business Events Growth Programme. In the 2024-25 financial year, the programme financially supported 36 international events across Britain and generated an additional £27.5 million in expenditure. These events were aligned with key Government priority sectors including healthcare and life sciences, engineering and manufacturing, technology, renewable energy and creative industries.
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