2014 shaping up to be another bumper year for UK film

8 Oct 2014 01:22 PM

Figures reveal continued growth of UK film as we celebrate the launch of the 58th BFI London Film Festival. 

Figures published today reveal that the UK is the third largest film market in the world, and its talent, locations and facilities are more in demand than ever before. The latest available statistics show that total UK spend for film so far this year is over £700 million, with £600 million coming from inward investment, signalling a strong start to the year and a significant increase in activity in comparison to 2013.

Government initiatives such as tax relief are driving this continued growth in the film industry. The UK’s creative industries make a tremendous contribution to economic growth and is estimated that for every £1 invested through the Film Tax Relief, £12 is generated for UK GDP.

Latest statistics from the BFI (British Film Institute) show:

With film business booming across the UK, London has emerged as a global hub for film production. It is now one of the world’s busiest cities, competing only with New York and LA.

Latest figures from screen agency, Film London reveal:

However, London is not only a desired place to create film, it is also a wonderful location to celebrate it. Now in its 58th year, the BFI London Film Festival (LFF) is one of the world’s leading film festivals driving economic value and profile to the UK film industry. The Festival is considered a prestigious showcase for Studio and independent films and provides an important platform for key titles to gain exposure as they enter the film award season.

Culture Minister Ed Vaizey said:

The BFI London Film Festival provides the ideal platform to celebrate the UK film industry, which is one of our biggest success stories.Government has worked hard to create the right environment for the sector to flourish and it’s working – film makers around the world are flocking to the UK, and to London in particular. The message is clear, and it’s being heard. The UK is the best place to make film.

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