Ian Murray
I am very happy to meet representatives of the VFX industry, including Outpost VFX in my hon. Friend’s constituency. It is worth bearing in mind that there are a whole host of visual effects tax reliefs in place, including a 39% rate on VFX costs, to make it as competitive as possible in this country. I meet regularly and engage with the sector, including the UK Screen Alliance. Protecting our world-leading VFX sector base means ensuring that skills keep pace with artificial intelligence and emerging technologies. We understand and acknowledge the significant implications for the sector of various pressures at the moment, but there is £10 million being invested in the National Film and Television School to expand apprenticeships and £25 million of funding for five new CoSTAR—Convergent Screen Technologies and performance in Realtime—labs, and the Chancellor’s £725 million for the next phase of the growth and skills levy will also deliver new digital skills. That package of measures sits alongside the tax reliefs.