Film and Television: Government Assistance

Department for Culture, Media and Sport written question – answered at on 15 May 2024.

Alert me about debates like this

Photo of Thangam Debbonaire Thangam Debbonaire Shadow Secretary of State for Digital, Culture, Media and Sport

To ask the Secretary of State for Culture, Media and Sport, what steps she is taking to support lower budget film and TV programmes.

Photo of Julia Lopez Julia Lopez Parliamentary Secretary (Cabinet Office), The Minister of State, Department for Culture, Media and Sport, Minister of State (Department for Science, Innovation and Technology)

The UK Government has a clear plan to grow the creative industries by a further £50 billion and support another 1 million jobs by 2030. This was set out in June 2023 in the Creative Industries Sector Vision, which was accompanied by £77 million of new funding to support the sector’s growth.

We are taking steps to support producers of all sizes and the production sector more generally. This includes generous tax reliefs across studio space and visual effects, investing in studio infrastructure, and supporting innovation and promoting independent content through the UK Global Screen Fund.

At Spring Budget 2024, the Chancellor also announced the UK Independent Film Tax Credit. Eligible films with production budgets (excluding marketing and distribution) of up to £15 million will be able to opt-in to claim enhanced Audio-Visual Expenditure Credit at a rate of 53% on their qualifying expenditure.

This is in addition to our long standing interventions supporting the independent television production sector, including the independent productions quota and associated Terms of Trade regime, which have been extremely successful in furthering the diversity of the sector and its output.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.