What a positive result and a welcome relief for our sector. Well done to all those at Museums Association, AIM - Association of Independent Museums, Society of London Theatre & UK Theatre , Manchester Camerata and many others who have lobbyed to achieve this. The new permanent rate covering theatres, museums and galleries - 45% for touring productions and 40% for non-touring shows - is below the current rates of 50%/45%, but well above the pre-pandemic rates of 25%/20%, which had been due to come back in over the next two years. As well as this, £26m of funding has been provided to the National Theatre in London, to upgrade its stages and infrastructure. There was "levelling up" funding for a number of cultural venues: •£15m for the National Railway Museum in York •£10m for National Museums Liverpool •£10m for British Library North in Leeds •£10m for Venue Cymru in Llandudno, north Wales •£5m for the Poetry Centre in Leeds •£2.6m for the V&A Dundee The Budget also included funding for a major TV and film studio complex in Sunderland through a devolution package for the north-east of England. Crown Works Studios is expected to create more than 8,000 jobs in the region and generate £336m a year for the local economy, its operators said.
The Philharmonia Orchestra welcomes the Chancellor’s announcement that Orchestra Tax Relief (OTR) will become permanent at a higher rate in today’s Spring Budget statement following the collective case made by the Association of British Orchestras (ABO). Today’s announcement enables our sector to remain ambitious, building new audiences, creating positive social impact for local communities, commissioning new music, developing future composers and performers, generating employment and planning international tours, which enhance the UK’s cultural influence worldwide in the face of continued economic pressures. Read more: https://lnkd.in/gzpqaPyy