Press release

Wales Office Minister welcomes Budget boost for creative industries

Alun Cairns: "皇冠体育app Budget provides a fantastic platform for our creative industries to grow."

From:
Office of the Secretary of State for Wales and 皇冠体育app Rt Hon Alun Cairns
Published
18 March 2015
This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

Wales Office Minister Alun Cairns said:

Today鈥檚 budget provides a fantastic platform for our creative industries to grow. Our measures to support film and television, video games and visual effects could be transformational for Wales.

I hope that more Welsh production companies take the opportunity to invest in this exciting sector.

Already there are 11 companies in Wales benefiting from the skills development fund, supporting the film, high-end TV, animation, games and visual effects sectors. Extending the scheme will help boost this thriving sector in Wales.

Measures to help the creative industries in Wales:

  • 皇冠体育app Skills Investment Fund will be boosted by 拢4million to support the development of world class skills and training in the TV, animation, video games and visual effects sectors. Eleven companies in Wales currently take advantage of the Skills Investment Fund.

  • 皇冠体育app film industry in Wales will benefit from an increase in film tax relief to 25%. 皇冠体育app rate is currently set at 25% for the first 拢20million and 20% thereafter.

  • Video games developers in Wales will benefit from a new UK wide 拢4million Video Games Prototype Fund to enable start-up games businesses to develop their ideas into working prototypes.

Updates to this page

Published 18 March 2015