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NEWS: Theatre Tax Relief permanently raised to 40% in Budget

6 March 2024

Theatre Tax Relief (TTR) has been permanently raised to 40%, meaning we and the wider theatre industry can continue to be innovative and courageous with our new productions.

Theatre Tax Relief is hugely important, reducing the risk of producing and developing new productions, and incentivising investment in the industry, helping create new, highly skilled jobs.

Speaking of the announcement, our Chief Executive, Stephanie Sirr MBE, said:

“This new permanent rate of Theatre Tax Relief will be transformative for regional producing theatres. It invests in locally-made theatre and all the jobs generated by that. It provides financial stability we desperately need in the context of squeezed public investment and rising costs. It will also keep touring theatre on the road, meaning communities across the country have access to world-class productions. This results in investment in local communities up and down the country, as for every £1 spent on a theatre ticket, we know that £1.40 is spent in local economies, generating local employment and economic growth.”

TTR has supported the development of shows such as our hit production Minority Report, a “Thrilling ride – top class entertainment.”

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