You will be redirected back to your article in seconds

U.K. Industrial Strategy Calls for Increased Investment in Film and TV

Investment in the U.K.’s buoyant film and high-end TV sector is a priority in the British government’s new strategy for the creative industries, which was unveiled Wednesday. The blueprint calls for a £150 million ($211 million) boost in investment by government and industry in creative businesses, and a 50% increase in creative industries’ exports.

The department of culture, media, sport, and digital noted that investment in film and high-end TV had doubled over the past five years, pushing production spending past £2 billion ($2.8 billion). “With the right conditions that annual figure could double again by 2025,” the DCMS said.

Specific growth measures include a £20 million cultural development fund to back cultural initiatives, a plan to double Britain’s share of the immersive content market, which includes VR and AR, and £2 million to kick-start an industry skills program. The BFI has previously outlined a skills shortage in the U.K. film business, and the government said there would be a 1,000-student Screen Academy opening in London.

The bullish government plans, and its ambitious targets for the creative sector, come as the U.K. continues its tricky negotiations with the European Union ahead of Brexit.

“Our creative industries will help develop the talent of the future, ensure people are rightly rewarded for their creative content and give our firms the support they need to compete on the global stage,” said culture minister Matt Hancock. “Millions of people around the world enjoy our world-class artistic and cultural output and we want Britain to stay a front-runner in these vibrant sectors.”

Warner Bros. U.K. chief and BFI chair Josh Berger said: “Incredible crews, fantastic facilities and the government’s direct and continuing support for the creative industries – through organizations such as the BFI and now the sector’s formal inclusion in the industrial strategy – are crucial to a thriving production industry in the U.K.”

With his Warner Bros. hat on he added: “We have been investing in the U.K. for many years because for us this country is, alongside Hollywood, the best place in the world to make movies.”

More TV

  • Kevin CostnerKevin Costner, who stars in

    Kevin Costner Sets National Parks Investigative Services Branch Drama at ABC

    “Yellowstone” star Kevin Costner is expanding his television universe to include a whole lot more national parks. Variety has learned that the Oscar winner has set up a one-hour drama project at ABC about the Investigative Services Branch of the National Parks Service. Costner is co-writing the series with showrunner Aaron Helbing and will also [...]

  • The Marvelous Mrs. Maisel

    'The Marvelous Mrs. Maisel' Team On A 'Brand New Chapter' In Season 3

    If Midge Maisel wants to be successful as a standup comedian, her portrayer Rachel Brosnahan says, “she’s going to have to give up her personal life. She’s going to have to go at it alone.” The second season of “The Marvelous Mrs. Maisel” ended with Brosnahan’s 1950s housewife-turned-comic, character getting the opportunity of a lifetime [...]

  • Shameless Season 9 BoJack Horseman Season

    TV Shows We Quit in 2019

    It’s official: with the amount of scripted series alone hitting the 500 mark and refusing to stop there, there is just too much content available to keep up with all of it. But although the quantity of series offered continues to grow, that does not automatically mean the quality increases as well. As such, no [...]

  • Peter Segal

    Peter Segal to Direct Stephen Amell's Pro Wrestling Drama 'Heels' at Starz (EXCLUSIVE)

    Peter Segal will direct and executive produce Stephen Amell’s upcoming Starz series “Heels,” Variety has learned exclusively. The eight-episode drama, which hails from Lionsgate Television in association with Paramount Television Studios, stars Amell and Alexander Ludwig as brothers Jack and Ace Spade. Set in a close-knit Georgia community, it follows a family-owned wrestling league as the [...]

  • Ryan Tedder Hitmakers

    Ryan Tedder on the Secrets of Leading Pop Fans Into Songland

    Despite his band’s name, Ryan Tedder is a man of many, many republics. He’s the songwriter of the year in Variety‘s Hitmakers issue largely for his work as a producer-writer in ensuring, with “Sucker,” that the Jonas Brothers had the smoothest possible runway for their comeback to make a safe landing. But eclipsing even that [...]

  • Karen McDougal

    Karen McDougal Sues Fox News Over 'Extortion' Claim

    Karen McDougal, the former model who was paid $150,000 to stay quiet about her affair with President Donald Trump, sued Fox News on Thursday, alleging that host Tucker Carlson falsely accused her of extortion. The slander lawsuit, filed in state court in New York, concerns a segment that aired in December 2018 in which Carlson [...]

More From Our Brands

Access exclusive content