Irish Film Board Gets 14 Percent Budget Increase
But the funding, used to support such films as 'Room' and 'Brooklyn,' is still below pre-financial crisis level.
In a year that saw it have a hand in nine Oscar nominations at the 2016 Academy Awards — notably Room and Brooklyn — the Irish Film Board has seen its budget hiked by $2.2 million (2 million euros), or roughly 14 percent, by the Irish government.
The capital budget allocation for the country's national development agency looking after film, TV and animation had its capital budget allocation increased from 11.2 million euros to 12.7 million euros for 2017, while the administrative budget jumped from 3.3 million euros to 3.8 million euros.
IFB chair Annie Doon welcomed the increase, but pointed out that the budget was still below the pre-financial crisis figure that the organization had been campaigning for.
"Earlier this year, the IFB board called for a restoration of IFB funding to 2008 levels of 20 million euros ($22 million), which we believe is critical to building on the current success of the industry and remains a key element to the IFB strategic plan over the next five years," she said.
"At our current reduced budget levels, the IFB has invested in projects which have won major international acclaim, connected with Irish audiences and generated $150 million at the global box office over the last 18 months."
Recent hits supported by the IFB include Sing Street, Love & Friendship and The Lobster.