Arts and Publishing: Coronavirus

(asked on 17th November 2020) - View Source

Question to the Department for Digital, Culture, Media & Sport:

To ask the Secretary of State for Digital, Culture, Media and Sport, what steps his Department to taking to support (a) SME publishing businesses and (b) other creative SMEs who were either not eligible for or did not receive funding from the Culture Recovery Fund.


Answered by
Caroline Dinenage Portrait
Caroline Dinenage
This question was answered on 23rd November 2020

Through regular ministerial-led roundtables, working groups and contact with DCMS officials, we will continue to work with the publishing sector to assess and understand the difficulties businesses across the creative industries, including SME publishing businesses, face in these challenging times and through recovery.

Regarding other creative SMEs, the CRF complements wider measures to support businesses. Cultural organisations have benefited from, and should continue to explore, the wide variety of additional funding made available by Government beyond the CRF, including the Job Retention Scheme; a reduction in VAT from 20% to 5% for tourism and hospitality firms for six months; and the Bounce Back Loans scheme. The publishing sector has also benefited specifically from the government's introduction of a zero rate of VAT to e-publications, which will make it clear e-publications are entitled to the same VAT treatment as their physical counterparts.

The CRF has not been fully allocated and DCMS and the Culture Recovery Board will take decisions in the coming weeks on how best to allocate the remaining funds to best support the sector.

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