U.K. Inward Investment Down 50 Percent in 2023

Inward investment in film and high-end television (HETV) production in the U.K. fell by 49 percent in 2023 to £3.11 billion ($3.9 billion) as a result of the U.S. writers’ and actors’ strikes.

The British Film Commission (BFC) provided production support to projects and companies that accounted for 92 percent of the total inward investment HETV spend, among them Doctor Who season 15 and House of the Dragon season two.

“Globally, the current environment for film and TV production has become challenging for a number of reasons and it will come as no surprise that as a result of industrial action in the U.S. suspending production half way through the year, today’s figures are lower than those for 2022,” said Adrian Wootton OBE, chief executive of the BFC. “However, despite this, we remain incredibly proud of the U.K.’s position as a leading global center for film and TV production, post and visual effects, attracting international and domestic producers to make their content here. This is the result of our world-class crew base—in which we continue to invest, our generous tax credits—which have once again been enhanced, and our increased U.K.-wide stage space offer, coupled with our range of cutting edge facilities and diverse locations.”