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1086661

registered interest
date	11/03/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Film: Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made of the adequacy of the Seed Enterprise Investment Scheme in helping domestic film production companies raise funding.
tabling member constituency	Clacton
tabling member printed	Giles Watling
uin	230892
answer	answer is ministerial correction date of answer 19/03/2019 answer text <p>The Seed Enterprise Investment Scheme was introduced in 2012 to support investment in very early-stage companies, which often struggle to access growth capital.</p><p> </p><p>As a non-sectoral scheme, no assessment has been made of the application of the SEIS to specific industries or sectors. Since its introduction, the scheme has helped over 8,000 companies from a range of industries to raise around £800 million in investment.</p><p> </p><p>The government recognises the importance of the film industry to the UK economy, which is why it offers specific support for the production of culturally British films. Last year alone the film tax relief provided support worth £469 million, in addition to nearly £70 million in direct funding.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 19/03/2019 16:54:33 answering member 3935 label Biography information for Mel Stride
tabling member	4677 label Biography information for Giles Watling

1063982

registered interest
date	19/02/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Film: Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what plans his Department has to support domestic film production companies to raise funding.
tabling member constituency	Clacton
tabling member printed	Giles Watling
uin	223175
answer	answer is ministerial correction date of answer 27/02/2019 answer text <p>The UK film industry is a great success story, contributing an estimated £4 billion a year to the economy and supporting nearly 70,000 jobs. Last year the government provided £469 million worth of support through the film tax relief and almost £70 million in grant in aid and national lottery funding through the British Film Institute.</p><p> </p><p>The film tax relief supports the production of culturally British films. 2,420 films have benefitted from the film tax relief since it was introduced in 2007.</p><p> </p><p>The British Film Institute supports UK film production companies through the BFI Film Fund, investing in the production of films from adventurous storytellers, the BFI Locked Box initiative, enabling production companies to benefit from the success of their films, and the BFI Vision Awards, supporting new film producers to build their companies.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 27/02/2019 10:12:14 answering member 3935 label Biography information for Mel Stride
tabling member	4677 label Biography information for Giles Watling

891497

registered interest
date	25/04/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Vocational Training: VAT
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what his policy is on the application of VAT to providers of vocational training.
tabling member constituency	Clacton
tabling member printed	Giles Watling
uin	138113
answer	answer is ministerial correction date of answer 01/05/2018 answer text <p>Under UK law, vocational training is VAT exempt where it is provided by specific eligible bodies, including universities, schools and certain not-for-profit institutions. The normal VAT rules apply the standard rate of 20% to most commercial providers of vocational training.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 01/05/2018 15:16:11 answering member 3935 label Biography information for Mel Stride
tabling member	4677 label Biography information for Giles Watling