UKFT has already been in touch with Government to request an urgent confirmation of the TAP programme beyond June 2020 (which is late again this year) and to highlight the need for early decision-making and planning as well as flexibility if things have to change nearer the time. Outside the TAP programme, it is campaigning for greater flexibility and support for smaller companies which find their cash-flow affected by the fallout from the outbreak.
Companies committing to a tradeshow in the next few months, should ask the show organiser questions like when will they make their final viability (go-ahead) decision for the fair; what will be their cancellation/postponement policy; and will they guarantee to refund all monies in the event of postponement or cancellation.
They can also wish to ask the same questions to stand constructors and freight companies and check insurance policies to see whether they would be covered in case of postponement or cancellation and what would need to happen. Clearly, no insurance policy can cover company if a show goes ahead but suffers from reduced turnout. Companies may also need to consider what would happen if key sales personnel were unable or unwilling to travel.
UKFT will keep a close eye on the situation but in the meantime, it urges urge companies to make their grant applications (where appropriate) and confirm space at the shows without delay.
Fibre2Fashion News Desk (GK)