The UK’s $680 billion Film and TV Production Restart Scheme has been extended by a further six months for the final time, supporting another 400 productions. The UK government’s insuran…
It has so far helped 835 productions, protecting more than 70,000 jobs and $3.2 billion of production spend, according to the UK’s department of Digital, Culture, Media and Sport .
In order to support the transfer of risk to the market, the fee to enter the scheme will increase from 1% to 2.5% of a show’s budget from November 1. New DCMS secretary Nadine Dorries said: “Our brilliant film and TV industry is creating jobs, driving investment and selling the UK on screens both big and small across the globe.
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