Budget comment: CMS Committee Chair Dame Caroline Dinenage welcomes measures to support British film and creative industries

Culture, Media and Sport Committee

“Today’s announcements are a shot in the arm for our film industry and will help give the sector the certainty and stability it needs to retain the UK’s excellent standing on the world stage.

Targeted tax support for visual effects will ensure more work takes place across the country, while tax relief for our independent film sector is a huge boost for domestic producers looking to attract investment and will ultimately help ensure that more British stories are told and seen by international audiences.

We will be looking at the impact of these changes, as well as the newly announced business rates relief for studios, as we continue our inquiry into British Film and High-End Television.

The much-needed money for upgrading the National Theatre will mean it can not only continue to play a vital role in the fabric of our country’s culture but export productions globally and showcase the fantastic creative industries we have in the UK.”

The Committee wrote to the Chancellor last month to call for more support for independent UK film. It also wrote ahead of the Autumn Statement last year to highlight the need for tax support for the visual effects industry.

Dame Caroline questioned the Prime Minister about support for the National Theatre at a meeting of the Liaison Committee in December.

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