The Screen Business report, published by the BFI, provides a comprehensive analysis of the value of the screen sector tax reliefs to the UK's screen entertainment industries and to the wider UK economy.
It shows that tax reliefs have been instrumental to how UK made and developed film, high-end, children’s and animation television and video games have flourished since the reliefs were introduced.
In 2019 alone, these areas of screen production delivered £13.48bn to the UK economy – a significant increase from £8.6 billion in 2016 – and generated 218,790 jobs. The reliefs have also helped to attract significant capital investment into the sector’s facilities and services, generating an additional £3.60bn in tax revenue to the Exchequer, as well as driving business for industries such as merchandising and tourism.
The UK Global Screen Fund, administered by the BFI on behalf of the Government, has also been launched with the aim of boosting UK exports, UK co-productions and the UK’s development of international partnerships.