BBC Funding

Peter Gibson Excerpts

Thursday 7th December 2023 Commons Chamber

[Lucy Frazer]

I am absolutely committed to ensuring that our creative industries continue to thrive and have set a very high ambition in that space. As I have said, I want to see the creative industries grow by £50 billion and have a million extra jobs by 2030. We are already seeing that growth, with the creative industries growing at twice the rate of the rest of the economy. I have helped ensure that the creative industries get tax relief. In June they had further funding of £70 million, which will leverage further private investment. There was an announcement in the recent autumn statement about further support for visual effects through the tax system. I am absolutely backing the creative industries. I want them to thrive and we are putting in place mechanisms to ensure that they survive. The BBC is part of that and is one of the things that I will take into account.

[Peter Gibson (Darlington) (Con)]

I welcome the statement from my right hon. and learned Friend. What further steps is she taking to encourage the BBC to maximise its commercial revenue in order to minimise the burden on licence fee payers?

[Lucy Frazer]

My hon. Friend makes an important point. I want to see a thriving BBC that can compete internationally and is getting further income. There are lots of opportunities for the BBC to explore, and I want to work with it very closely on those and understand them in greater deal. Whether that means international work and international charging or partnerships and joint venues, I want to make sure that the BBC has every opportunity to maximise its commercial income.