To support the cultural sector, tax relief for theatres, orchestras, and museums & galleries will stay at rates of 45%-50% until 2025. This temporary move will help businesses to keep investing in high quality productions.
Increasing the tax relief for film, tv and video game industries. This will simplify and modernise these reliefs, boosting our creative sector.
We're introducing additional tax support to help research & development intensive SMEs. For every £100 spent on R&D, eligible companies will be able to claim £27 back, helping them to invest in more R&D and grow for the future. https://t.co/nnhmYyxEj3
Full expensing will come in from 1 April, cutting tax for companies that want to invest in the UK, reducing their tax by up to 25p for every £1 they spend on plant and machinery.
£400m to roll out Levelling Up Partnerships, helping regenerate 20 places across England. These funds will help to identify areas that could benefit from levelling up, and address barriers that have hindered long term growth. https://t.co/BEHf1B8Xwb
The third round of the Levelling Up Fund has been confirmed, providing a further £1bn to local communities. The funding will help to invest in new local priority infrastructure projects across the country. https://t.co/tzaa684mCv
These trailblazer devolutions deals will: ✅ Lay the blueprint for the future of English devolution ✅ Give leaders greater control over local policies ✅ Empower local leaders to drive growth https://t.co/vjaj8RDZVA
Councils across England will get additional funding to help tackle potholes. This funding will help to lower vehicle maintenance costs for workers, families & business and will safeguard the country's road network for the future. https://t.co/xqb8QuPxt3
The government is announcing £8.8bn for a second round of the City Region Sustainable Transport Settlements. This will help to develop mass transit networks & sustainable transport options across England's city regions, unlocking growth and helping to level up. https://t.co/gPiF6z1DIM
Today the Chancellor announced that 8 locations in England are now eligible to host a UK investment zone. Investment zones: ✅ Grow our strengths in key industries & level up ✅ Attract new investment into communities ✅ Create jobs & drive growth https://t.co/mYn1KXWnpD