2014 shaping up to be another bumper year for UK film
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. 皇冠体育app latest available statistics show that total UK spend for film so far this year is over 拢700 million, with 拢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. 皇冠体育app UK鈥檚 creative industries make a tremendous contribution to economic growth and is estimated that for every 拢1 invested through the Film Tax Relief, 拢12 is generated for UK GDP.
Latest statistics from the BFI (British Film Institute) show:
- UK film industry turnover is 拢7.3 billion with exports of 拢1.3 billion and a trade surplus of 拢789 million
- UK film box office revenues have exceeded 拢1 billion for three successive years
- UK films took $4.1 billion at the global box office in 2013, an 11% share of the world market
- Total UK film production spend in 2013 was 拢1.1 billion with 拢860 million from inward investment productions, up 28% on the previous year
With film business booming across the UK, London has emerged as a global hub for film production. It is now one of the world鈥檚 busiest cities, competing only with New York and LA.
Latest figures from screen agency, Film London reveal:
- 皇冠体育app film industry supports almost 90,000 jobs in the capital, and directly generates approximately 33,000 full-time jobs in London
- London annually records around 18,000 filming days
- 皇冠体育appre is an average of 50 crews filming on the streets of London on any given day
- More feature films were shot in London in 2013 than ever before, and 2014 is shaping up to be another strong year
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 is one of the world鈥檚 leading film festivals driving economic value and profile to the UK film industry. 皇冠体育app 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:
皇冠体育app 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鈥檚 working 鈥� film makers around the world are flocking to the UK, and to London in particular. 皇冠体育app message is clear, and it鈥檚 being heard. 皇冠体育app UK is the best place to make film.
Further information
- Follow the using the #lff hashtag