A quick look at today’s Budget [full video], from the point of view of the creative industries:

* Basic rate tax threshold is put up to £10,500, meaning many artists and bootstrapping startup business owners will pay no income tax. It also seems that the first “£5,000 of savings income” will attract a zero tax rate.

* The popular Seed Enterprise Investment Scheme to be made permanent.

* Tax reliefs confirmed for film and high-end TV production, and planned for regional theatre production…

“The European Commission has today approved the extension of our film tax credit – and I will apply the same successful approach to theatre, especially regional theatre. From this September there will be a 20% tax relief for qualifying productions, and 25% for regional touring.”

* £10 million boost for the Cultural Gifts Scheme, in which taxpayers donate works to museums in return for a tax bill reduction.

* A £2 billion expansion of the Annual Investment Allowance: meaning 99.8% of all UK businesses will get a 100% tax break on new investment in equipment and machinery.

* Interest rates on the government’s export finance guarantees to exporters are set to… “be cut by a third”.

* An extension of “the grants for smaller businesses” to support “over 100,000 more” apprenticeships. Also a mention of a new type of degree-granting apprenticeship.

* Social enterprises to get Social Investment Tax Relief at a rate of 30% (although that one might be a re-announcement).

Also nice to see:

~ A new £42m Alan Turing Institute, for Big Data and associated algorithm research. I’d guess that Manchester, or nearby, may have a good chance of getting this.

~ An extra £20 million to support the repairs needed to cathedrals.