BFI stats show inward investment is crucial
The latest half-year stats from the BFI on film and other screen sector productions show that the first six months of 2015 have proved a healthy reminder of the importance of attracting inward investment to the UK film industry.Â
During January - June this year, Â£518m of the total Â£594m spent on film production was from inward investment, with Â£61m coming from domestic feature film production expenditure. Of the latter, more than 90% came from 24 films with budgets of over Â£500,000.Â
The figures also demonstrate the difference in size of the budgets of the visiting productions - of the 79 features which began shooting in the last six months, 21 were from inward investment and 12 were co-productions, which even combined, is well under the 46 domestic Â features which started principal photography.Â
High-end television production in the UKÂ
The continuing significance of high-end drama again echoes the sizeable budgets of the inward investors as well as the sheer amount overall of such projects.Â
Of the 30 high-end TV programmes which began filming Janâ€”June 2015, 19 were domestic, contributing Â£151m. Foreign investment productions, which at 11 productions did not evenÂ add up to two-thirds of their UK counterparts, spent Â£128m in the UK.Â
Although the overall picture for the year as a whole (July 2014-June 2015) shows inward investment is down slightly at Â£1061m - compared to from Â£1254m in the same period last year - the impressive totals nevertheless underline the importance of attracting filmmakers and TV producers Â from outside the UK with top quality facilities, talent and tax incentives.Â
But of course the impact on the economy from home grown features and dramas remains crucial, Â so let's keep filling the studios andÂ providing world class crew and great locations. Â
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