Published on: 11 November 2011 in The Industry
Directors UK respond to Film Tax Credit extension
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Directors UK has welcomed the Government’s announcement that the film tax credit would be extended until 2015. The tax break, which applies to “culturally British” films, provided about £95m of support in the year 2009/10.
Iain Softley, chair of Directors UK’s Film Committee, said:
“Established directors and new filmmakers alike will welcome the Government’s continued commitment to supporting British film. To have the Prime Minster himself make the announcement is a pleasing indication of the Government’s understanding at the highest level of both the cultural value of our industry and the contribution it makes to economic growth.”
Andrew Chowns, CEO, said:
"(Treasury Minister) David Gauke is right to praise the UK’s infrastructure and skills, but we need to ensure all those in the industry are properly incentivised to remain in the UK and contribute their full creative talent to the industry’s continued success. For directors, that means making sure their copyright is protected and that they are fairly rewarded for the success of their work."
To read the full press release, click below.