Question to the HM Treasury:

To ask the Chancellor of the Exchequer, pursuant to the Answer of 8 July 2025 to Question 64077 on Film: Business Rates, if she will make it her policy to increase the level of film studio business rate relief to compensate for new business rates surcharge from 2026-27.

At Autumn Budget 2024, the Government announced an intention to introduce a higher business rates multiplier on the most valuable properties – those with Rateable Values (RVs) of £500,000 and above – from April 2026 to fund permanently lower multipliers for retail, hospitality and leisure properties with RVs below £500,000.

Eligible film studios receive 40 per cent relief on gross business rates bills until March 2034. Business rates bills are calculated by applying the relevant multiplier first and so film studios will receive 40 per cent relief on their total liability. As set out in supporting guidance, the Government may review the level of relief in the event of significant changes in RVs at future revaluations.