22 March 2012 - 7:41am | posted by | 0 comments

STV CEO calls for further tax cuts for Scotland's creative sector following chancellor's budget announcement

STV CEO calls for further tax cuts for Scotland's creative sector following chancellor's budget announcementSTV CEO calls for further tax cuts for Scotland's creative sector

Commercial broadcaster STV’s CEO Rob Woodward has called for introduction of further tax incentives for TV production companies, following George Osbourne’s budget announcements yesterday.

Speaking after the budget announcement, Woodward praised the tax relief given to the high-end TV production sector, but said further aid was needed for Scotland’s creative sector.

"STV has consistently called for incentives to encourage increased production to Scotland and we view the UK Government's plans to introduce tax breaks for the TV industry as a first positive step forward. However, we believe there is an opportunity to extend this further by allowing all TV productions to qualify for similar tax incentives. Scotland is blessed with a world class creative talent set but we need to ensure that Scotland can compete on an international scale, and this is something we would also be keen to discuss with the Scottish Government,” commented Woodward.

Yesterday, WPP CEO Sir Martin Sorrell told The Drum that he found the budget to be “inventive” but admitted that the decision to scrap the 50p tax rate for top earlier as “politically puzzling”.

Read other reactions to today’s budget, including comments from Creative England, Oddbins, the Scottish Government’s culture secretary Fiona Hyslop and Aardman Animations.

Be the first to comment on this article: sign in or register.

Latest Projects from the Profile Hub

Viviscal

27/03/2015
Our Challenge Lifes2Good is an expanding nutraceutical...

McGraw-Hill Education

27/03/2015
McGraw-Hill Education, the learning science company...

Sony Pictures

26/03/2015
Papa John's teamed up with Sony Pictures for the release of...

Case Study | Bladonmore

24/03/2015
David Ladds, Director of Bladonmore, share his insights in...

Jessica Tappin is pure gold for our client Freya Active

24/03/2015
To launch the Freya Active AW15 collection we created the ‘...