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.

Don't miss out... Get your Media news by email

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

Latest Projects from the Profile Hub

Agency51 Design & Development - Women Make Waves

22/07/2014
Challenge. Women Make Waves is a new online blog network...

Swoon Editions

22/07/2014
The Client Swoon Editions is an online furniture brand that...

Asda Store Proposition Intranet

17/07/2014
The Client Asda is Britain’s second largest supermarket...

Timberland Apparel merchandising

15/07/2014
Six large installations in Milan for footwear and apparel....

Hudson Fuggle: Case study

15/07/2014
We spoke to Sue Higgins Finance Director at creative agency...