To support the creative industries, the goverment will introduce a business rates relief for eligible film studios in England worth around £470 million over the next 10 years.

Eligible film studios will receive a 40% reduction on gross business rates bills until 2034, backdated to 1 April 2024.

The 40% reduction is inclusive of transitional relief. The value of any transitional relief a studio receives will be deducted from the value of the film studio relief. This means that eligible film studios’ final bills will be no more than 60% of their gross bill.

How to apply

If you think you may be eligible, email business-rates@royalgreenwich.gov.uk