The Emerald Isle is about to dispense more green. In 2015, the location for “Penny Dreadful” will boost its cash rebate from 28% to 32% in order to attract an even greater number of international productions. Plus, the program will have no restrictions on nationality-based eligibility, no requirements to team with a local producer, and no sunset date until the end of 2020, according to payroll consultancy Entertainment Partners. That’s great news for the local biz, which employs 27,000, per the country’s finance ministry.
Type of incentive: Cash rebate determined at the outset and paid on the first day of principal photography.
Benefit: 28% of qualifying local spending, rising to 32% next year, based on the cost of all cast and crew working in Ireland, regardless of nationality, and on goods and services purchased in Ireland.
Cap: 80% of global spending up to $67.6 million of qualifying expenditures per project.
Program will be reviewed before it expires on Dec. 31, 2020.