Film and Television: Government Assistance

(asked on 4th October 2024) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what fiscal steps she is taking to support the film and TV industry.


Answered by
James Murray Portrait
James Murray
Exchequer Secretary (HM Treasury)
This question was answered on 9th October 2024

The creative industries play a key role in driving economic growth. The Government is committed to supporting the creative industries as a key part of its plan to fix the foundations of the economy.

As part of this, film and TV companies benefit from extra tax relief through the Audio-Visual Expenditure Credit, which provides generous support for production costs. A total of £1.6 billion was paid out to film and TV companies in financial year 2022-23.

In addition, on 9 October the Government announced that it will finish legislating a new Independent Film Tax Credit. This policy will go further to support independent films and develop a pipeline of UK film talent.

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