Context
Outpost VFX, a leading visual effects company in Bournemouth West constituency, convened a meeting of sector leaders highlighting the UK's competitive disadvantage due to low net value incentive rates and the 10% total spend rule. This劣势导致工作流失到海 外设施，损害了英国的就业创造和技能保留。
Question
As the Minister says, Outpost VFX is a world-leading VFX company based in my Bournemouth West constituency. It recently convened a meeting of sector leaders, and the message was clear: the UK faces significant competitive disadvantage because of our relatively low net value incentive rates and the 10% total spend rule. As a result, we are missing out on work to overseas facilities, and undermining job creation and skills retention here in the UK. Will the Minister commit to meeting Outpost VFX and other sector representatives to discuss their proposals to boost the UK's competitiveness?
Answer from 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.
Not addressed: Commitment to meet Outpost VFX and other sector representatives was not directly addressed, but general support for industry competitiveness was mentioned.
How: General Support, Tax Reliefs
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