Loading...
Market
How many independent films will be produced in the UK utilizing the new tax credit by December 31, 2025?
2
Resolution / Starting Odds
Less than 50 • 25%
50 to 100 • 25%
101 to 150 • 25%
More than 150 • 25%
Reports from the UK Film Council or industry analyses
Story
UK Government Passes £125 Billion Independent Film Tax Credit, Approves £750 Million Marvel Studio for Productions Up to £15 Million
Oct 9, 2024, 08:14 AM
The UK government has formally passed the Independent Film Tax Credit, a move aimed at bolstering the creative industries, which contribute £125 billion to the economy. The new tax reliefs, applicable to productions with budgets up to £15 million, are expected to stimulate job creation and support UK filmmakers. Angela Rayner, the Deputy Leader of the Labour Party, has intervened to approve the construction of a £750 million Marvel film studio in Buckinghamshire, overruling local county councillors. Additionally, Pinewood Studios is set to open a dedicated production hub for independent films, further enhancing the UK's capacity for film production. This initiative reflects the government's recognition of the importance of creative industries as drivers of economic growth and job creation.
View original story
Similar markets
Less than 10 • 25%
10 to 15 • 25%
16 to 20 • 25%
More than 20 • 25%
Less than 3,000 • 25%
3,000 to 3,500 • 25%
3,501 to 4,000 • 25%
More than 4,000 • 25%
Increase production in CA • 25%
Maintain current levels • 25%
Decrease production in CA • 25%
Relocate production out of CA • 25%
Approved as proposed • 25%
Approved with modifications • 25%
Rejected • 25%
No decision by end of 2024 • 25%
Less than 100 • 25%
100-199 • 25%
200-299 • 25%
300 or more • 25%
Below 500 users • 25%
500 - 1000 users • 25%
1000 - 5000 users • 25%
Above 5000 users • 25%
Approved as proposed • 25%
Approved with modifications • 25%
Rejected • 25%
No decision by deadline • 25%
Up to $100,000 • 25%
$100,001 to $500,000 • 25%
$500,001 to $1,000,000 • 25%
Over $1,000,000 • 25%
Yes • 50%
No • 50%
Increase in California-based projects • 25%
No change • 25%
Decrease in California-based projects • 25%
Mixed responses • 25%