Inward investment tops £3bn in UK
The BFI has released figures illustrating the record-breaking impact made by inward investment high-end TV projects over the last year.
A total of £1.294bn inward investment spend came from high-end TV projects, including Avenue 5, Bridgerton and Brave New World. This is the highest figure since records began and a 51% increase on the previous year’s total.
Inward investment feature films racked up £1.742bn in UK spend - up 17% on 2018’s total - with titles such as 1917, Morbius and Black Widow.
The British Film Commission provided production support to 88% of all US film and high-end TV inward investment spend last year.
Adrian Wootton, chief executive of the British Film Commission and Film London, said: “Film and high-end TV are big business, indeed we are the fastest-growing sector in the economy, and today’s record breaking figures show the UK continuing to meet the growing demand for content, studio space and world-class skills, talent and technical expertise.
“Last year saw industry heavyweights such as Netflix, Disney and Comcast strengthening their commitment to the UK, providing further endorsement of the UK’s world-class infrastructure, talent and generous, reliable tax reliefs.”
Amanda Nevill, CEO of the BFI, said: "Today’s figures show an incredibly vibrant picture, a sector that continues to grow, delivering billions to the economy and a wide spectrum of jobs all over the UK. It’s great to see some of our greatest home-grown talent making big international pictures such as 1917.
"It also underlines the importance of ensuring that the independent sector, the lifeblood for this growing success, is properly supported.”
Also on The Knowledge
UKTV entertainment and comedy channel Dave is to revive Alan Davies: As Yet Untitled in a new order of 10 x 60 episodes.
ITV has greenlit an adaptation of Louise Candlish’s novel, Our House, from Red Planet Pictures, with filming set for next summer.
Barking and Dagenham Council today (3 November) signed an agreement with Hackman Capital Partners (HCP) to build London’s largest film and TV production centre in Dagenham.
Chris Evans, editor of our sister site, KFTV, talked exclusively to Guy Dunstan, managing director of Arenas within the NEC Group, about how and why they are offering their facilities for film and TV shooting.
Hertsmere Borough Council has given the green light for construction to begin on Sky Studios Elstree, due to open in 2022.
Dagenham Studios – set to be the largest film facility in London – looks set to go ahead after unanimous planning approval was granted at a Barking and Dagenham council meeting last night (6 July).