Creative Wales
NDR Revaluation Fund for studios in Wales
A grant offsetting large business rates (NDR) increases since the April 2023 revaluation, so eligible Wales-based film and TV studios pay no more than 60% of their gross NDR liability. Suits studios with sound stages or film sets.
What it pays for
Conditions to know about
Studios must be based in Wales and employing staff in Wales, trading since before 1 April 2023 and still trading, and not earmarked for closure. Must be used for producing films or TV programmes, with sound stages and/or film sets. Must have seen over 50% increase in NDR liability or rateable value since 31 March 2023. Funding period covers tax year 1 April 2026 to 31 March 2027. No late applications. Application form available by email request.
How to apply
Applications go through the funder. Read their page for the full rules and the form.
Check if you can apply
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Source: Creative Wales: funding and support. Last checked 11 Nov 2026. Read from the funder’s page by AI, with each key fact checked against the page text.
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