Film: Finance

Treasury written question – answered on 27th February 2019.

Alert me about debates like this

Photo of Giles Watling Giles Watling Conservative, Clacton

To ask the Chancellor of the Exchequer, what plans his Department has to support domestic film production companies to raise funding.

Photo of Mel Stride Mel Stride Financial Secretary to the Treasury and Paymaster General

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.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.