Record High for Inward Investment in U.K. TV & Film

Inward investment in film and high-end TV production in the U.K. rose by 6 percent in 2022 to reach £5.37 billion ($6.5 billion), according to new numbers released by the British Film Institute (BFI).

Inward investment accounted for 86 percent of total film and high-end TV spend in the U.K. last year. High-end TV inward investment spend alone was £3.63 billion ($4.4 billion), a 3 percent decline on 2021.

Adrian Wootton OBE, chief executive of the British Film Commission, noted: “As today’s figures demonstrate, the U.K. inward investment film and TV industry continues to experience remarkable growth in production, generating billions of pounds for the U.K. economy and thousands of new jobs in production hubs throughout the U.K.’s nations and regions. It’s a real testament to the strength of our regional as well as metropolitan offer that so many major film and high-end TV productions choose to base themselves through the length and breadth of the U.K. With the right levels of ongoing investment in skills, support and infrastructure, the U.K. is well-positioned to attract major international film and TV productions for many years to come.”

Ben Roberts, BFI’s chief executive, added: “Today’s record-breaking figures for film and TV production in the U.K. are great news for our industry and the U.K. economy and underlines the success of our industry at a global level. Our world-class talent, craft and production services, and vital film and TV tax reliefs, have enabled the U.K. to be a major player in a highly competitive global industry. Further investment in expanding studio space U.K.-wide to meet production demand will continue to build on this economic success and create further jobs.”