UK Trade & Investment and British Film Commission in new partnership
by Naman Ramachandran
31/07/2012 - UK Film Minister Ed Vaizey has announced that UK Trade & Investment (UKTI) and the British Film Commission (BFC) will form a new strategic partnership. UKTI will provide an additional £400,000 over two years to the BFC’s budget thus enabling the commission to maximise its impact across the world, driving further investment to the UK. The funding will also allow the BFC to maximise the benefits of the proposed TV tax credits if it goes ahead in April 2013.
BFC and Film London CEO Adrian Wootton said, “We have seen huge investment from the US studios, which is in part thanks to the BFC having a dedicated team working directly with producers and decision makers in North America. This partnership will allow us to extend that remit, driving new investment in the UK. We have the facilities and the talent in the UK to welcome additional film and high end TV production. Following our work with key national public and private industry partners laying the groundwork for the potential TV tax credit, we are delighted to be working with UKTI to exploit that, grow our commercial activity and forge new networks in the emerging markets.”
Trade and Investment Minister Lord Green said, “With the world's spotlight on the UK this summer we are working hard through the British Business Embassy programme to enable companies to capitalise on the unique opportunity we have in 2012 to secure new trade and investment.”
The BFC is the national body in charge of encouraging and supporting international feature film production to the UK.