Government Budget for the Creative Industry 1/15/2016

Government Budget for Creative Industries

In 2015 the Government released some figures as apart of a budget they have for Creative Industries. This is big for the Industry as its a clear sign of its growth. Music has been massive and self sufficient for along time but Film has such a huge following and the UK is home to a lot of great actors and directors. 

 They have released a 25% tax relief for all qualifying expenditure in films. They have also lowered the minimum required budget for any television series from 25% to 10%. This is good news for people like myself know want to make a name for ourselves but don't have the portfolio to justify such a big investment.  

 The 25% to 10% tax  relief also applies to video games which is a huge deal for the industry as it is often getting a negative press in the media outside its own. This means the Government has recognized its following, place in society and the influence it has on generations of people. They are also committing 4 million pounds to a video games prototype fund. This is to aid access to fiance and business support as well as finding new talent in the industry. 

This is an exciting time to get into the creative industry in the UK as it is finally being recognized by the Government and older generations. This was only a part of the budget and a far bigger picture. Hopefully over the next couple of years there will be a lot more jobs around the country and opportunities for students and newcomers to make a name for themselves.

Here is my source: http://www.thecreativeindustries.co.uk/uk-creative-overview/news-and-views/news-budget-includes-new-support-for-creative-industries