M&E spending projected to rise to £25 billion by 2026
Charlotte Flach
Editor, C&IT
UKEVENTS has released the findings from its UK Events Report 2024, highlighting the industry’s critical role in the economy.
The UK events industry generates £61.653 billion annually for the UK economy, the report has shown.
Key findings include:
Corporate events such as conferences, trade shows, exhibitions and product launches, generating £33.6 billion.
Leisure and outdoor events including music festivals, sporting events, and cultural festivals, contributing £28.053 billion.
A shift in employment dynamics, with more freelance roles and stabilising salaries after the pandemic-induced demand for talent.
Additionally, the report points to the industry’s growing focus on sustainability and technological innovation. With an increasing emphasis on carbon neutrality and integrating new technologies like AI, the UK is positioning itself to remain competitive in the global events landscape.
The economic impact of the UK events industry is substantial, with business events contributing £16.3 billion, exhibitions and trade fairs adding £10.9 billion, and leisure and outdoor events generating £18.3 billion.
Sector Value
Spending on conferences and meetings reached £16.3 billion in 2022, and is projected to rise to £25 billion by 2026.
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