Written questions by Thompson.

What assessment she has made of the potential impact of the proposed higher multiplier for business rates on (a) The Underworld, (b) Soul Mama and (c) other grassroots music venues with a rateable value of over £500,000.

As set out at Autumn Budget 2024, the Government will introduce permanently lower tax rates for retail, hospitality, and leisure properties with rateable values (RVs) below £500,000, including grassroots music venues, from 2026-27. This permanent tax cut will ensure they benefit from much-needed certainty and support. The Government is sustainably funding this by introducing a higher multiplier on properties with RVs of £500,000 and above. The final design, including the rates, for the new business rates multipliers will be announced at Budget 2025, so that the Government can factor the revaluation outcomes, as well as the broader economic and fiscal context into decision-making. When the new multipliers are set, HM Treasury intends to publish analysis of the effects of the new multiplier arrangements.

Whether she plans to extend (a) film and (b) high-end TV tax relief to grassroots performing arts.

The Government recognises the importance of the creative industries, including the key role they play in driving economic growth.The Government supports the creative industries through tax reliefs and funding, where the recently published Creative Industries Sector Plan set out the Government’s vision. Up to £30 million will be set aside for a new Music Growth package over the next three years, which will create new touring, performance, mentoring and export opportunities for emerging talent, while also delivering a significant uplift in funding for the grassroots sector to support small venues.The objective of the creative industry tax reliefs is to support and incentivise productions rather than to support venues themselves. When considering new tax reliefs, the Government takes into account costs, complexity, and the market failure the relief is seeking to address. Extending the Audio-Visual Expenditure Credit (AVEC) to grassroots performing arts is not currently under consideration.