Record year for UK film industry tax relief

Posted On: 23rd December 2015

The Chancellor George Osborne confirmed government support for the UK film industry through film tax relief had reached £251m this year, generating over £1bn worth of direct investment in the UK in the last year alone. note_1087360Sml

This is the most generous support ever provided by the government, reaping huge returns for the UK through a system which ultimately generates £12.49 for the UK economy for every £1 of tax relief granted.

The official statistics released by HMRC also confirmed that £1.5bn was secured by the UK film industry through the government’s film tax relief and led to over £6.9bn investment from the film industry across the UK since 2007.

This investment has led to 260,000 full-time creative sector jobs in the UK and critical acclaim for the movies made here.

In 2014 to 2015 a record 220 films made in the UK claimed this relief.

The Chancellor George Osborne, said:

“I’m delighted that the golden age for British creative industries is going from strength to strength.

“2015 was a record year for the film industry and I’m proud that our support for this fast growing sector is securing investment, boosting productions and creating jobs across the UK.”

Select a page to copy this section to:

Select where in the level you want it inserted: