Today in Parliament, Sir Oliver Dowden extolled the TV and film industry in the constituency of Hertsmere.
He asked a question at an Urgent Question on the potential implications for the UK film industry of the United States’ proposed 100% tariff on foreign-produced films.
Sir Oliver asked about business rates for Film and TV studios, some of which have increased by 300%, making the businesses financially unviable.
Sir Oliver said: ‘I may be able to help the Minister: Paddington Bear actually lives in Borehamwood, because the movie “Paddington” was produced in my constituency at Elstree Studios, which sits alongside Sky Studios Elstree as a jewel in the crown of the British industry. It is no surprise that Donald Trump is jealous because, by many accounts, more film and television content is produced in Hertfordshire than in Hollywood.
‘As the Minister rightly said, the current situation is of mutual benefit to our two nations. There is one thing that he could do right now, though, and for once I agree with the Minister—sorry, I meant to say the hon. Member for St Albans (Daisy Cooper); I will get my facts right in a moment. The key point is that business rates are proving to be crippling for many of our studios, including Elstree, so I urge the Minister to have another go at the Treasury. I remember a similar situation with the culture recovery fund; the Treasury is resistant to begin with, but if he keeps going, he will get some further movement. That would be a huge fillip to the industry and would help it to withstand whatever shocks it may face.’