Creative industries welcome Budget boost to skills investment fund
Creative Media businesses welcomed the Government's Budget announcement today that it will continue to contribute to Creative Skillset’s Skills Investment Fund, (SIF) for another two years.
The Government will provide £4 million to co-invest with industries, matching pound for pound support for training and development in film, high-end TV, visual effects, video games and animation.
The industry body for the creative sector, Creative Skillset, welcomed the Chancellor’s announcement of children’s television tax relief from April 2015 and said it looks forward to discussing the establishment of appropriate mechanisms for ensuring they also contribute to enjoy co-investment in training and skills and support industry sustainability.
Josh Berger CBE, President & Managing Director, Warner Bros. Entertainment UK & Ireland, commented: "As we produce more and more world-class content in the UK, it is crucial that we continue to invest in the next generation of talent. The Skills Investment Fund is a key part of that and we welcome this further Government support.”
Ivan Dunleavy, Chief Executive of Pinewood Group said: “Growth in the creative sectors has been much faster and more impressive than forecast and industry needs to scale up and skill up quickly to meet that need. This support to training and skills is what we need to help to deliver that.”
Ian Livingstone CBE, Chair of Playdemic, Midoki and Playmob and Creative Industries Champion for the Department for Business, Innovation & Skills said: "Creative Skillset’s Skills Investment Fund has been a massive success story for industries that must address talent development to keep pace with global competition and drive growth. Today’s commitment from the Chancellor is both vital and very welcome.”
Dinah Caine CBE, Chief Executive of Creative Skillset said: “Creative Skillset’s Skills Investment Fund has been a game changer for our industries. We have invested directly in companies, over 1,000 new entrant trainees have been placed in the tax break industries, 376 companies have benefitted and over 10,000 training opportunities have been made available. With the additional support announced by the Chancellor today, we can continue to invest in training that will help deliver growth in these sectors and we thank him for that.”
The investment will be available from April 2015.
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