Film and high end TV brought over £5b into the UK last year

International feature film production spend in the UK during 2022 was £1.74BN and high-end TV (HETV) investment was an additional £3.632BN.  This makes for an impressive total investment of £5.4BN.  Overall film and HETV production costs in 2022 were £6.27BN,... Read more

International feature film production spend in the UK during 2022 was £1.74BN and high-end TV (HETV) investment was an additional £3.632BN.  This makes for an impressive total investment of £5.4BN.  Overall film and HETV production costs in 2022 were £6.27BN, that compares to a spend of around £120 million a year in the early 1990s . It is likely that the 2022 total will rise as these are interim numbers.

International productions filmed in the UK last year included Barbie, Lord of the Rings: The Rings of Power Season 2, Sex Education Series 4, Lift and Mission Impossible

The British Film Commission offers bespoke production support to film and HETV projects.  Around 93% of international productions were supported by the British Film Commission. The bespoke service helps international companies in all areas of production including visas, locations, UK stage space, EU exit issues and UK Film Tax Relief

Adrian Wootton OBE, Chief Executive of the British Film Commission commented after the release of these statistics `As today’s figures demonstrate, the UK film and TV industry continues to experience remarkable growth in production, generating billions of pounds for the UK economy and thousands of new jobs in production hubs throughout the UK`s nations and regions`.

Ben Roberts, BFI Chief Executive noted that `our world-class talent, craft and production services, and vital film and TV tax reliefs, have enabled the UK to be a major player in a highly competitive global industry.`

A huge contributory factor to the success of UK production escalation is the Tax Credit regime which is transparent and provides funds straight back to the producer. The BFI believes that every pound of tax credit results in £8.33 0f additional spending in the UK. The overall UK economy is not in a great shape but the media industry is doing its hardest to make sure it doesn’t fall even further behind.

Related content

• MEDIA
• Ian Gibbon
• ARTICLES