Question to the Department for Digital, Culture, Media & Sport:
To ask the Secretary of State for Digital, Culture, Media and Sport, what recent assessment she has made of the financial viability of recording studios.
In August 2021, DCMS commissioned the consultancy firm, Sound Diplomacy, to assess the state of the music studio market in England.
Evidence found challenges, but showed the market is responding to changes, such as technological innovation, and is maintaining or growing sources of income.
As a result, the report found the music studio market was not in need of specific government intervention.
Since then, the Government announced a new Energy Bills Discount Scheme to help support businesses, like recording studios, to tackle rising energy costs.