Film and TV production is a capital-intensive industry, where managing budgets and financial resources can make or break a project. From securing funding and tracking production costs to navigating tax incentives, producers and CFOs face numerous financial challenges throughout the production lifecycle.
The UK Film and TV industry continues to shine as a global leader in screen production, and the recent Autumn Budget reaffirms the Government’s commitment to supporting its growth. With significant updates and new tax incentives, the changes are set to bolster the sector, providing opportunities for both established players and emerging talent.
Our goal is to help growing Film and TV Production studios leverage creative industry reliefs, to help with cashflow for their projects and achieve sustainable growth. These reliefs include Film Tax Relief, Animation Tax Relief, High-end Television Tax Relief, Children’s Television Tax Relief, and the Audio-Visual Expenditure Credit.
In the recent Spring Budget, it was announced that UK-qualifying films with a budget up to £15m will now receive tax relief of 40%, thanks to the introduction of the long-awaited Independent Film Tax Credit aimed at revitalising the homegrown production sector.
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