Film: Finance:Written question - 223175

Asked by Giles Watling
Asked on: 19 February 2019
Film: Finance
To ask the Chancellor of the Exchequer, what plans his Department has to support domestic film production companies to raise funding.
Answered by: Mel Stride
Answered on: 27 February 2019

The UK film industry is a great success story, contributing an estimated £4 billion a year to the economy and supporting nearly 70,000 jobs. Last year the government provided £469 million worth of support through the film tax relief and almost £70 million in grant in aid and national lottery funding through the British Film Institute.

The film tax relief supports the production of culturally British films. 2,420 films have benefitted from the film tax relief since it was introduced in 2007.

The British Film Institute supports UK film production companies through the BFI Film Fund, investing in the production of films from adventurous storytellers, the BFI Locked Box initiative, enabling production companies to benefit from the success of their films, and the BFI Vision Awards, supporting new film producers to build their companies.

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