(3 weeks, 1 day ago)
Commons ChamberI thank the Secretary of State for her statement. She is right to focus on this issue, and there are a lot of positives here. If I have any concerns, they are around the speed of the closure of the National Citizen Service and not knowing what will replace it. That could lead to gaps in provision, but also to some of the skilled and dedicated youth workers on whom we rely leaving the workforce. She spoke about an orderly transition, and she is absolutely right do so. I have a few of questions for her. What are the estimated costs of winding down the NCS? Would it be possible for it to continue without public funding if it were able to get access to private finance? How long does she estimate that it will take before money for either existing or new youth projects becomes available, and when does she think they could be up and running?
I thank the hon. Lady for her questions. Our intention is to close the NCS, but we must go through all the necessary steps, including engagement with His Majesty the King, as required, and with Parliament. She will know that it will take some time to pass the necessary legislation, but our intention is to honour the existing funding round until March 2025.
The hon. Lady asked about the costs of winding down NCS. We have done some provisional work on that, but we are working closely with the NCS board and trust to make sure that we fully understand the implications of those costs and that we do this in the most cost-effective way, with value for money. She also asked whether it would be possible to continue with the NCS, but without Government funding. We are very much marked by the experience of the last Government and the closure of vInspired. Without a forward-looking and viable business plan, we are concerned that we would end up repeating the mistakes made under the last Government. As I said to the right hon. Member for Daventry (Stuart Andrew), vInspired eventually closed with a significant amount of debt.
We have looked at every different scenario, and the hon. Lady will appreciate that this is not a decision that we took lightly, but we have come to the conclusion that it is the right thing for young people. It is right to be clear that we are closing the NCS. This will be the last round of funding, and we will legislate after going through the necessary processes.
(1 month, 3 weeks ago)
Commons ChamberI call the Chair of the Culture, Media and Sport Committee.
First, I welcome the Secretary of State’s words. The Select Committee worked hard to get that commitment to tax credits in the Budget earlier this year, and her implementing it at a time when investment in British film—particularly low-budget British film—is at its lowest ebb, is both welcome and timely. Our recollections of the previous Government’s achievements on the creative industries differ. I think that once she has had a little bit of time to get her feet under the table, she will see that she has a hard act to follow on commitment to the creative industries.
When does the Secretary of State expect the Government to confirm the introduction of the visual effects tax credits? They were also announced in the Budget and have been consulted on, and they are also desperately needed and urgent. I would be grateful for an urgent response on that. Does she have any plans to look at the enterprise investment scheme for film and high-end TV? That is also much needed to get investment into British independent film and television. Finally, she spoke about the investment summit. Will she please confirm that the creative industries’ role in that will not just be to add the stardust? They are such a fundamental and integral part of our industrial strategy and they contribute so much to the British economy, so they must be there as a central focal point of her Government’s future industrial strategy.
I thank the hon. Member very much. I know from her previous role on the Select Committee that she is a formidable Chair, and I am very much not looking forward to appearing in front of her at the earliest opportunity.
The hon. Member is absolutely right about the visual effects tax credit. We understand how important these reliefs are to the industry and we plan to provide an update as soon as we can, although we have the spending review imminently, and there is work ongoing to ensure that we get right our offer to the creative industries as a whole. On the enterprise investment scheme for high-end TV, I am afraid that the answer is similar, but I would welcome the chance to keep talking to the hon. Member and to members of the Committee, once she has some. On the investment summit, I appreciate her calling me stardust—I do not think I have ever been called stardust before—or did she mean the people that we might bring along? She and I share the view that the creative industries are absolutely central to our economic growth agenda, and I am really pleased that that view is shared by the Prime Minister, the Chancellor of the Exchequer and the Secretary of State for Business and Trade. She will see that at the investment summit next week and in the work that we will release over the next few weeks.