UK Studios Granted Long-Term Business Rates Relief

In a significant win for the UK’s screen industries, Chancellor Jeremy Hunt announced that film and TV studios in England will benefit from a 40% relief on business rates until 2034.

The relief forms part of a wider package of support for the creative industries, aimed at maintaining the UK’s status as a global production hub. For independent producers and smaller studio operators, the move is expected to ease financial pressures and help sustain growth in regional production facilities.