Film Industry

Nick Smith Excerpts

Wednesday 9th October 2024 Commons Chamber

[Lisa Nandy]

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.

[Nick Smith (Blaenau Gwent and Rhymney) (Lab)]

I welcome the statement. As a recent chair of the all-party parliamentary group for film and broader screen, I applaud the work of the British Film Institute, which does a great job as a champion of this fantastic sector. In Blaenau Gwent and Rhymney, we have the brilliant Cymru Creations, a local film company that helps young people to produce great films and learn a brilliant trade. What more can the Secretary of State do to support small and medium-sized enterprises in this sector? It is vital that we get behind them.

[Lisa Nandy]

I thank my hon. Friend for his role in helping to fly the flag for the British film industry. I also join him in paying tribute to the work of the BFI, and particularly to Ben Roberts and Harriet Finney, who have done extraordinary work for the film industry and for our country. I share my hon. Friend’s sentiment about SMEs. The measures announced will be a huge boost to SMEs, but this Government are aware that there is more that we can do. As we continue to build this exciting agenda with the British film industry, we will continue to talk to it and to make sure that we are meeting the needs of SMEs from the length and breadth of the country.