Asked by: Chris Bryant (Labour - Rhondda and Ogmore)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment he has made of the levels of private investment in independent UK film production companies through the (a) Enterprise Investment Scheme and (b) Seed Enterprise Investment Scheme between (i) 2012 and 2017 and (ii) 2018 and 2023.
Answered by Bim Afolami
The government recognises the importance of the film and TV sector to the UK and is committed to making the UK the best place to invest through our generous and reliable fiscal support, as well as wider business support through our funded bodies like the British Film Commission.
The government keeps all tax-advantaged venture capital schemes under review to ensure they continue to meet their policy objectives in a way that is fair and effective. Information on the Enterprise Investment Scheme and Seed Enterprise Investment Scheme is published annually by HM Revenue and Customs. The data published relates to overall scheme statistics and not sector specific performance.
Asked by: Chris Bryant (Labour - Rhondda and Ogmore)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether his Department has made an assessment of the of the impact of changes made to the (a) Enterprise Investment Scheme and (b) Seed Enterprise Investment Scheme on levels of investment in the UK screen sector since 2018.
Answered by Bim Afolami
The government recognises the importance of the film and TV sector to the UK and is committed to making the UK the best place to invest through our generous and reliable fiscal support, as well as wider business support through our funded bodies like the British Film Commission.
The government keeps all tax-advantaged venture capital schemes under review to ensure they continue to meet their policy objectives in a way that is fair and effective. Information on the Enterprise Investment Scheme and Seed Enterprise Investment Scheme is published annually by HM Revenue and Customs. The data published relates to overall scheme statistics and not sector specific performance.
Asked by: Chris Bryant (Labour - Rhondda and Ogmore)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether his Department has made a recent assessment of the effectiveness of the (a) Enterprise Investment Scheme and (b) Seed Enterprise Investment Scheme for attracting investment in the screen sector.
Answered by Bim Afolami
The government recognises the importance of the film and TV sector to the UK and is committed to making the UK the best place to invest through our generous and reliable fiscal support, as well as wider business support through our funded bodies like the British Film Commission.
The government keeps all tax-advantaged venture capital schemes under review to ensure they continue to meet their policy objectives in a way that is fair and effective. Information on the Enterprise Investment Scheme and Seed Enterprise Investment Scheme is published annually by HM Revenue and Customs. The data published relates to overall scheme statistics and not sector specific performance.
Asked by: Chris Bryant (Labour - Rhondda and Ogmore)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether he has made an assessment of the potential impact of changes in the level of business rates for film and TV studios on investment in that sector.
Answered by Nigel Huddleston - Shadow Secretary of State for Culture, Media and Sport
The Government recognises the importance of the film and TV sector to the UK and is committed to maintaining a competitive offer for studios. The Valuation Office Agency is working closely with the film studio sector and its representatives to review valuation evidence through a Group Pre-Challenge Review (GPCR).
Asked by: Chris Bryant (Labour - Rhondda and Ogmore)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether his Department has made an impact assessment of the Valuation Office Agency's decision to raise business rates on film and TV studios.
Answered by Nigel Huddleston - Shadow Secretary of State for Culture, Media and Sport
The Government recognises the importance of the film and TV sector to the UK and is committed to maintaining a competitive offer for studios. The Valuation Office Agency is working closely with the film studio sector and its representatives to review valuation evidence through a Group Pre-Challenge Review (GPCR).
Asked by: Chris Bryant (Labour - Rhondda and Ogmore)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what discussions he has had with Cabinet Colleagues on the Valuation Office Agency's planned increase in business rate evaluations for film studios.
Answered by Nigel Huddleston - Shadow Secretary of State for Culture, Media and Sport
The government recognises the importance of the film and TV sector to the UK and is committed to maintaining a competitive offer for studios. The Valuation Office Agency is working closely with the film studio sector and its representatives to review valuation evidence through a Group Pre-Challenge Review (GPCR).
Asked by: Chris Bryant (Labour - Rhondda and Ogmore)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what the value is of oil originating in the Russian Federation and imported through other countries and accepted in British ports in each of the last six months.
Answered by Victoria Atkins - Shadow Secretary of State for Environment, Food and Rural Affairs
HM Revenue & Customs (HMRC) is responsible for the collection and publication of data on imports and exports of goods to and from the UK. HMRC releases this information monthly, as a National Statistic called the Overseas Trade in Goods Statistics, which is available via their dedicated website (www.uktradeinfo.com). From this website, it is possible to build your own data tables based upon bespoke search criteria, and download bulk datasets.
The published statistics show that there were no imports of crude oil (falling under commodity code 2709 0090 00) originating from the Russian Federation imported into the UK via another country in the last 6 months.
In the same period, the value of such goods imported direct from the Russian Federation was £58,532,668 (in April 2022).