UK Government has announced a £500 million scheme to kickstart film and television production
In a major move to jump start the country’s cultural and creative sectors following lockdown, the UK Culture Secretary has announced the launch of a Government-backed scheme worth half a billion pounds for domestic film and TV productions struggling to get coronavirus-related insurance.
The Government has also set out how organisations can apply for £880 million in grants from next week as part of the £1.57 billion Culture Recovery Fund, which is the Government’s biggest ever one-off investment in the arts.
The new UK-wide £500 million Film and TV Production Restart Scheme will help to get TV and film productions across the country that have been halted or delayed by a lack of insurance to get back up and running, by giving productions the confidence they need that they will be supported if future losses are incurred due to Covid-19.
It will fill the gap left by the lack of available insurance and cover coronavirus-related losses for cast member and crew illnesses and filming delays or disruptions caused by the ongoing battle against the virus.
In the UK, the film and television production industry supports more than 180,000 jobs and contributes more than £12 billion to the economy annually.
The funding will be available to all productions made by companies where at least half of the production budget is spent in the UK and is estimated to cover more than 70% of the film and TV production market to the end of the year.
“From award-winning dramas, to iconic comedies and revered documentaries, the UK makes the films and TV shows the world can’t wait to watch,” said Culture Secretary Oliver Dowden. He added that the announcement means more clapperboards snapping into action in studios across Belfast, Glasgow, Cardiff, Watford and many more: “Our screen industries are high growth, jobs creating and showcase the best of British creativity and innovation, and I’m pleased we can give them this jump-start to get the cameras rolling again on this £12 billion industry.”
“The UK’s film and TV industry is the envy of the world, and it’s vital that productions get the help they need to restart as part of our plan to kickstart jobs following the lockdown, said Chancellor of the Exchequer Rishi Sunak. “This targeted scheme, which will help fill the gap created by the lack of available insurance, will help protect tens of thousands of jobs, from actors and directors through to camera operators, costume designers, and runners. The sector is worth over £12 billion to the UK’s economy, so it’s right that we do what we can to help them reopen and get back to making the films and shows that we all love.”