This figure represents a significant portion of the sector’s economic contribution. The report details how the sector, through various initiatives, created jobs and supported the local economy. It highlights the positive impact of tourism and events on local communities, including social and environmental sustainability.

This period of recovery is likely to continue for some time, and event organisers need to be prepared for this. The event industry is facing a number of challenges, including rising costs, supply chain disruptions, and labor shortages. These challenges are impacting event organizers’ ability to plan and execute events effectively. The event industry is also facing a number of opportunities.

“It is estimated that this single event delivered approximately £6m to the Scottish Borders. Another key event has been the Tour of Britain which has taken place in a number of locations throughout the Scottish Borders on numerous occasions. “In 2022 the estimated economic impact of the Tour of Britain was in excess of £3m and these examples help confirm that events are a significant contributor to the local economy.”