The Culture Secretary, Oliver Dowden, has announced the launch of a government-backed £500 million scheme targeted at domestic film and TV production that are struggling to get Coronavirus-related insurance.
The new Film & TV Production Restart Scheme will be available to compensate productions after they have restarted, where costs are then incurred due to Coronavirus-related cast member and crew illnesses and filming delays or disruptions.
The funding will be available to all qualifying productions made by companies where at least half of the production budget is spent in the UK. It is estimated to cover more than 70% of the film and TV production market to the end of the year.
The scheme will support productions that commence filming before the end of the calendar year and for Coronavirus-related losses through to the end of June 2021. It will be possible to back date any future claims for eligible losses to today’s date. Further details on the eligibility process and claims system will be provided in the coming weeks.
Oliver Dowden, Culture Secretary, commented:
“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. Today’s 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 Film & TV Production Restart Scheme is great news for the UK production sector. Uncertainty over the cost of any delay or abandonment as a result of a new outbreak of Covid-19 has been holding back production restarting.
“This new Scheme is the green light for productions to start making those film and television programmes we all love”.
The film and TV sector in the UK supports over 180,000 jobs and contributed more than £12 billion to the economy annually.