{"id":11507,"date":"2021-12-16T12:05:58","date_gmt":"2021-12-16T17:05:58","guid":{"rendered":"https:\/\/dev2.worldscreen.com\/tveurope\/bfi-charts-u-k-screen-tax-relief-benefits\/"},"modified":"2021-12-17T09:22:19","modified_gmt":"2021-12-17T14:22:19","slug":"bfi-charts-u-k-screen-tax-relief-benefits","status":"publish","type":"post","link":"https:\/\/worldscreen.com\/tveurope\/2021\/12\/16\/bfi-charts-u-k-screen-tax-relief-benefits\/","title":{"rendered":"BFI Charts U.K. Screen Tax Relief Benefits"},"content":{"rendered":"

The U.K. government’s film and television tax incentives resulted in a \u00a313.5 billion boost to the local economy, creating 219,000 jobs, between 2017 and 2019, according to Screen Business<\/em>, a new independent report published by the BFI.<\/p>\n

In addition to record-breaking levels of production and jobs, the tax incentives boosted local businesses and led to infrastructure expansion across the U.K.\u2019s nations and England\u2019s regions. They also attracted record levels of inward investment and boosted exports of U.K. productions and services internationally.<\/p>\n

In the period from 2017 to 2019, an estimated \u00a31.02 billion in tax relief seeded \u00a35.11 billion in direct production spend in 2019, a 61 percent increase from 2016. Production spend on film, high-end, children\u2019s television and animation that would not take place without the tax relief was worth \u00a36.14 billion in 2019.<\/p>\n

In the period from 2017 to 2019, direct spend on film and high-end television across the U.K. grew by 74 percent from the previous forecast period to reach \u00a313.86 billion. Direct spend on production generated a record \u00a35.11 billion in 2019 across all screen sectors, up from \u00a34.31 billion in 2017. This included \u00a32.08 billion from high-end TV production, \u00a386 million from children\u2019s TV program production and \u00a365.3 million from animation program production. Inward investment and co-production spend for film, high-end TV, animation and children\u2019s programs was \u00a33.45 billion in 2019, 81 percent of total spend.<\/p>\n

Chancellor Rishi Sunak commented, \u201cThe U.K. is home to some of the best creative talent in the world and our TV and film industry is a jewel in our crown, driving hundreds of thousands of jobs and billions for the economy. We\u2019ve ensured the sector has had our support throughout the pandemic, with the furlough and self-employment schemes, and the \u00a3500 million Film and TV production Restart Scheme is now helping productions get back up and running. We continue to support the creative sector\u2014our tax reliefs make the U.K. an attractive place to film and are driving a wave of private investment, and our Plan for Jobs is helping more people to enter the industry through apprenticeships, traineeships and the Kickstart scheme.\u201d<\/p>\n

\u201cThis report shows just how important government action has been in driving unprecedented growth across the screen industries,\u201d added Culture Secretary Nadine Dorries. \u201cU.K. content not only keeps audiences at home and around the world entertained but also provides a huge boost to our economy. We have backed our incredible screen sector during the pandemic, through the UK Film &TV Production Restart Scheme and the Culture Recovery Fund, to ensure the country cements its reputation as being the best place in the world to shoot high-end film and TV.\u201d<\/p>\n

\u201cWe work with industry and government to build the U.K. screen sector,\u201d noted Ben Roberts, BFI Chief Executive. \u201cScreen Business<\/em> is evidence of the strength of the tax reliefs and how they have supported a staggering level of production and jobs, and built business across the U.K.\u2019s nations and regions. It\u2019s a testament to this strength that our screen industries have bounced back faster than almost any other industry post-pandemic. As we look to the future we need to ensure that we stay on top of our game\u2014by building the skilled workforce this level of production critically needs and increasing investment in areas across the U.K. where there are opportunities for growth and innovation.\u201d<\/p>\n

Screen Business<\/em> was produced by the international consultancy Olsberg SPI with Nordicity and commissioned by the BFI.<\/p>\n","protected":false},"excerpt":{"rendered":"

The U.K. government’s film and television tax incentives resulted in a \u00a313.5 billion boost to the local economy, creating 219,000 jobs, between 2017 and 2019, according to Screen Business, a new independent report published by the BFI.<\/p>\n","protected":false},"author":290,"featured_media":11508,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[75,69],"tags":[1012,2817],"class_list":["post-11507","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-analysis","category-top-stories","tag-bfi","tag-screen-business"],"yoast_head":"\nBFI Charts U.K. Screen Tax Relief Benefits - TVEUROPE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/worldscreen.com\/tveurope\/2021\/12\/16\/bfi-charts-u-k-screen-tax-relief-benefits\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BFI Charts U.K. Screen Tax Relief Benefits - TVEUROPE\" \/>\n<meta property=\"og:description\" content=\"The U.K. government's film and television tax incentives resulted in a \u00a313.5 billion boost to the local economy, creating 219,000 jobs, between 2017 and 2019, according to Screen Business, a new independent report published by the BFI.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/worldscreen.com\/tveurope\/2021\/12\/16\/bfi-charts-u-k-screen-tax-relief-benefits\/\" \/>\n<meta property=\"og:site_name\" content=\"TVEUROPE\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-16T17:05:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-12-17T14:22:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/worldscreen.com\/tveurope\/wp-content\/uploads\/sites\/14\/2017\/07\/ScreenBusiness-BFI-1221.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"319\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mansha Daswani\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mansha Daswani\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/worldscreen.com\/tveurope\/2021\/12\/16\/bfi-charts-u-k-screen-tax-relief-benefits\/\",\"url\":\"https:\/\/worldscreen.com\/tveurope\/2021\/12\/16\/bfi-charts-u-k-screen-tax-relief-benefits\/\",\"name\":\"BFI Charts U.K. Screen Tax Relief Benefits - TVEUROPE\",\"isPartOf\":{\"@id\":\"https:\/\/worldscreen.com\/tveurope\/#website\"},\"datePublished\":\"2021-12-16T17:05:58+00:00\",\"dateModified\":\"2021-12-17T14:22:19+00:00\",\"author\":{\"@id\":\"https:\/\/worldscreen.com\/tveurope\/#\/schema\/person\/83da304c8bad8bfdb3edd7eb47cfe5ad\"},\"breadcrumb\":{\"@id\":\"https:\/\/worldscreen.com\/tveurope\/2021\/12\/16\/bfi-charts-u-k-screen-tax-relief-benefits\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/worldscreen.com\/tveurope\/2021\/12\/16\/bfi-charts-u-k-screen-tax-relief-benefits\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/worldscreen.com\/tveurope\/2021\/12\/16\/bfi-charts-u-k-screen-tax-relief-benefits\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/worldscreen.com\/tveurope\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"BFI Charts U.K. Screen Tax Relief Benefits\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/worldscreen.com\/tveurope\/#website\",\"url\":\"https:\/\/worldscreen.com\/tveurope\/\",\"name\":\"TVEUROPE\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/worldscreen.com\/tveurope\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/worldscreen.com\/tveurope\/#\/schema\/person\/83da304c8bad8bfdb3edd7eb47cfe5ad\",\"name\":\"Mansha Daswani\",\"description\":\"Mansha Daswani is the editor-in-chief and associate publisher of World Screen. 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