The Federation responds to the 2021 Spring Budget Statement
Responding to the Chancellor's Spring Budget Statement, Caroline Norbury MBE, CEO, Creative Industries Federation, said:
“We welcome the emergency measures announced in today’s Budget, including the extension of support schemes to September, the inclusion of the ‘newly’ self-employed and the £408 million injection into arts and culture, which we and others have been calling for. These measures will provide relief to many in the UK’s creative industries, a sector that has been amongst the worst hit by the pandemic and that will be one of the latest to return to work. Greater flexibilities in the apprenticeship scheme are very welcome, as we seek to spread opportunity within the creative industries more widely, as is the six-month extension of the Film and TV Production Restart Scheme.
As we look to the future, we know that the creative industries can power us out of recession, driving economic growth, creating jobs and making our communities happier, healthier places for everyone. It is therefore welcome to see creative industries highlighted as a priority in both government’s Plan for Growth and the Levelling Up Fund, recognising that our £116bn sector is a major industry that will unlock innovation and drive the future of the UK in the months and years to come. We know that attracting inward investment will be key to this. We have been calling for the expansion of Creative Industries tax reliefs and while we welcome that government is consulting on R&D tax reliefs, we keenly await the eligibility criteria for the super-deduction. It is vital that investment in our world-leading creative content is incentivised.
It is important that as we recover, we do so in a way that does not leave people behind. Our recent survey of over 800 creative organisations and practitioners showed that freelancers, those outside of London and those reliant on audiences have been hit hardest. As venues plan for a summer reopening, it is disappointing that proposals to introduce government-backed insurance for live events have not been adopted, as this would provide the degree of certainty that is so desperately needed. There are also still thousands of people in our sector who are falling through the gaps. More than just support, we need urgent structural change to ensure freelancers – a vital part of our future workforce – have every opportunity to thrive.”