Question to the HM Treasury:

To ask His Majesty's Government what is their estimate of the net annual cost to the Treasury of freezing business rates on recording studios.

The Government has no current plans to freeze business rates for recording studios.

At the Budget in November 2025, the Government announced a £4.3 billion support package to support ratepayers across all sectors seeing bill increases. This includes a redesigned Transitional Relief scheme, which protects ratepayers from large overnight increases as a result of the revaluation.

The Government values the music industry and understands that recording studios are a vital part of the infrastructure of the industry. The Music Growth Package will see Government funding for the sector more than double from £4.1 million to up to £10 million a year for the next three years.