'The Crown' Helps Boost U.K. Creative Sector Support to Record $900M
More than 2,070 films and 205 high-end TV productions have benefitted since the U.K. tax relief program was established.
The U.K.'s creative sector welcomed more than £700 million ($907 million) in government support over the last year, according to newly released official statistics.
The record figure was reached thanks to support for TV shows such as Netflix's award-winning series The Crown, and indie film Lady Macbeth, which both benefited from tax incentives.
"Worth £4.3 billion ($5.6 billion) to the economy, U.K. film is the country’s fastest growing sector, employing over 66,000 people," said British Film Institute CEO Amanda Nevill.
"The U.K. is one of the world’s most important production hubs and the tax reliefs for the screen industries have enabled this unprecedented growth across the country, creating jobs and supporting businesses from Belfast to Bradford. Vitally, they have also allowed creativity to flourish and our world-class filmmaking talent to shine with productions from Trainspotting and Lady Macbeth through to Wonder Woman and Game of Thrones."
Since the introduction of the various tax relief programs over the past five years, more than 2,070 films, 295 video games and 205 high-end TV productions have benefited.