FAC signs open letter to new Prime Minister, calling on measures to support the creative industries

 
 

As the new Prime Minister settles into Number 10, Creative UK and its trade body and union members, which includes the Featured Artists Coalition (FAC), have penned an open letter to Liz Truss setting out the sector’s economic priorities. The Government has already recognised the Creative Industries as a priority industrial sector, and these budget priorities are designed to grow the sector at a time when growth is vital. 

Top of the list are Creative Industries Tax Reliefs. Where they already exist, the sector has used them to invest in new content and attract investment from overseas.

But action on tax reliefs alone is not enough. To help the sector grow in the face of economic uncertainty, action on other budget priorities will be essential. The Government must:

  • Make a firm commitment to tax reliefs for film, high-end TV, children’s TV and video games

  • Reform of the Visual Effects (VFX) and Animation Tax Reliefs

  • An uplift in the rate and scope of Video Games Tax Relief

  • Current tax reliefs for Theatre and Orchestras extended for at least a year

  • Removal of the Museums, Galleries and Exhibitions Tax Relief sunset clause

  • The introduction of new tax reliefs for the Music and Book and Specialist Media Publishing

    sectors, to incentivise the production of new content and attract inward investment

Read the full letter here.

Billie Morton Riley