LondonNet News Headlines
|Harry Helps UK Film Industry
- Film-making in Britain is up by a third, say experts
BRITAIN is back on track to being a hotspot for filmmakers.
According to The Film Council, movie production in Britain was up by a third last year, with over UKP540 million invested.
High costs of production have, in the past, conspired against the UK with film-makers choosing cheaper locations such as the Czech Republic and Hungary over the UK. However, new tax incentives look to have paved the way for investment. Last year, big-budget films such as Harry Potter and the Sorcerer's Stone and 51st State injected record levels of cash into the industry.
British Film Commissioner Steve Norris acknowledged that the industry had benefited from tax allowances but warned of the increasing competition from abroad. "We are highly aware of the increase in global competition in this business and without the continued support from Government in the form of tax breaks, the incredible success we have seen from this year may be short lived," he said.