What the Autumn Budget 2021 means for the world of sport and entertainment

On Wednesday 27 October, the Chancellor of the Exchequer unveiled a range of measures designed to help the UK recover in the wake of the Coronavirus pandemic.

If you are in the sports or entertainment business, here’s what the Autumn Budget means for you.

Grassroots football

Some £205 million has been earmarked to build or transform up to 8,000 “state-of-the-art” community football pitches across the UK.

Heritage and culture

Around £850 million will be invested in cultural and heritage sites across the UK, such as museums, galleries, libraries, and other historic buildings.

Tax reliefs

The Government will temporarily increase the relief theatres, museums, orchestras, and galleries can claim to support investment in new productions and exhibitions. The temporary rate came into effect on 27 October 2021 and will remain until 31 March 2024.

World Cup bid

Around £11 million in funding will be made available to back the UK and Ireland 2030 men’s Football World Cup bid.

For help and advice with related matters, please get in touch with Mohit Pasricha, Head of our Sports and Entertainment Team at Mackrell.Solicitors at mohit.pasricha@mackrell.com or on 020 7240 0521

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Mohit Pasricha

Mohit Pasricha

Solicitor at Mackrell.Solicitors
Mohit is a solicitor and Head of Sports Law at Mackrell.Solicitors, advising and representing clients within the sports sector by providing specialist advice on a wide range of commercial, corporate and intellectual property matters. His clients include clubs, commercial sponsors, sports agents, and individual sporting professionals.