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Written question asked by Lord Freyberg (Crossbench) on Thursday, 26 March 2026, in the House of Lords. It was due for an answer on Monday, 13 April 2026. It was answered by Lord Livermore (Labour) on Monday, 13 April 2026 on behalf of the Treasury.

Recording Studios: Business Rates

Question

To ask His Majesty's Government what estimate they have made of the loss to public finances of income tax and National Insurance contributions arising from the potential closure of commercial recording studios as a result of the 2026 non-domestic rating revaluation; and what assessment they have made of the number of entry-level positions in commercial recording studios that may be lost as a consequence.

Answer

No such estimates have been made. In recognition of the impact of the revaluation on bills, the Government has introduced a support package worth £4.3 billion to protect ratepayers against large overnight increases in bills.

Recording studios are a vital part of the infrastructure of the music industry. The Government is doubling funding for the Music Growth Package, which will support the music ecosystem across both live and electronic music – from grassroots venues, festivals, recording and rehearsal studios to artists, songwriters, independent labels, managers, and promoters working in all genres of music.

The Government will continue to engage closely with the sector to understand ongoing pressures and ensure the UK remains a globally competitive place to create, record and produce music.

Secondary information

Type
Written question
Reference
HL16078
Session
2024-26
Grouped for answer
Yes
Subjects
Closures Business rates Valuation Recording studios
Link
View this Written question on www.parliament.uk