UK TV and film production spend hits record high - TVBEurope

UK TV and film production spend hits record high

Inward investment spend from major international productions reached £2.37 billion in 2017
Author:
Publish date:
outlander3

Spending on UK TV and film productions hit a record high in 2017 according to new figures from the BFI.

TV production generated a record £684 million in inward investment spend – a 27.6 per cent increase on 2016. In film, the figure was higher with investment spend reaching £1.69 billion – the highest figure since records began and a 23 per cent increase.

Each of the UK’s regions and nations served as a significant draw for high-end TV projects, often benefitting from ‘return business’: Scotland saw the return of Outlander for its fourth season; the final season of Game of Thrones is currently in production in Northern Ireland and Wales-based drama Requiem is soon to be broadcast. Meanwhile England’s ‘Northern Powerhouse’ – including Yorkshire and the cities of Manchester and Liverpool - demonstrated its status as a creative force, hosting returning series Peaky Blinders and Victoria.

The BFI said the quality of British talent, crews, VFX and production services, locations and supportive tax regime drove the figures.

Related