New stats reveal that UK screen content generates a staggering £6 billion for the UK economy. This boost is the result of continued government support for England’s screen industries through creative sector tax reliefs and is helping to maintain healthy growth and return.
The news comes shortly after Creative England was awarded a third round of RGF support worth £8 million to invest in creative talent across the UK. This funding will be distributed throughout business, games, television, film and the digital creative industries.
According to an independent report, the UK economy has benefited £1.1 billion from films, £249 million from high-end television projects, £429 million from video games and £52 million from animation. Conducted by analysts Olsberg SPI and Nordcity and commissioned by the BFI, Pinewood Group PLC, the British Film Commission, UKie and Pact, this report shows irrefutably that UK film has boomed since the introduction of the Film Tax Relief in 2007.
“This year has been record-breaking for the creative industries,” explains Creative England CEO Caroline Norbury. “This latest report further proves the huge impact that our talented filmmakers, TV producers, animators and games developers have on the UK economy.
“A combination of attractive tax-incentives and world-class creative talent means we can compete on a global scale. You only have to look at the British Oscar-winners behind ‘Interstellar’’s incredible visual effects, or Disney choosing to film its biggest blockbusters of 2015 in England, to see that we have a lot to be proud of.
“The inclusion of the games and animation industries in these figures for the first time is confirmation that the screen industry is richly diverse, and working at the forefront of creative technology. Talent is everywhere, but it will only continue to thrive if we support and invest in it. Only then can we be sure that creativity will keep delivering growth for the UK economy.”
- Film Business Support
- Creative Industries
- Creative England