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Mike Wood: The success in attracting the “Star Wars” trilogy to the UK underlines the terrific talent available in our creative industries as well as the incredible variety of filming locations. What assessment has my right hon. Friend made of the impact of tax credits on the film and other creative industries?
John Whittingdale The Secretary of State for Culture, Media and Sport
My hon. Friend is absolutely right to highlight the success we have had in attracting international investment in film to this country not just in “Star Wars”, but in a huge proportion of the major films now being made. Part of the reason for that is indeed our creative industry’s tax credits. In 2013, the creative industries accounted for 5% of the economy, and our tax credits are one way of our supporting them. The film tax credit has been responsible for nearly £7 billion of investment in the UK, and our high-end TV tax credit has helped to support more than £800 million of investment.