Question to the HM Treasury:

To ask the Chancellor of the Exchequer, when film studio relief on business rates will be applied in relation to the high-value supplement in 2026-27.

The creative industries play a key role in driving economic growth, contributing £124.6 billion to the economy in 2022, and supporting over 2 million jobs.

At Budget 2025, the Government announced that it is maintaining the 40 per cent relief for eligible film studios in England on their gross business rates bills until March 2034. This is backdated to 1 April 2024, providing stability and support for the creative industries.

Business rates bills are calculated by applying the relevant multiplier first and so film studios will receive 40 per cent relief on their gross bill.