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| The force is strong with British film industry as revenues soar | The force is strong with British film industry as revenues soar |
| (21 days later) | |
| Star Wars: The Last Jedi arrives in cinemas at a time when the British film industry is booming, according to official figures. | Star Wars: The Last Jedi arrives in cinemas at a time when the British film industry is booming, according to official figures. |
| Helped by generous tax reliefs, the film and TV industry contributed £7.7bn to the economy in 2016 – an 80% jump in five years. | Helped by generous tax reliefs, the film and TV industry contributed £7.7bn to the economy in 2016 – an 80% jump in five years. |
| The data from the Office for National Statistics underlined the importance to the UK film industry of a series of blockbuster movies – including the James Bond films starring Daniel Craig and the Star Wars franchise, which has been filmed at Pinewood studios. | The data from the Office for National Statistics underlined the importance to the UK film industry of a series of blockbuster movies – including the James Bond films starring Daniel Craig and the Star Wars franchise, which has been filmed at Pinewood studios. |
| After years in the doldrums, the ONS said there had been a marked pick-up in revenues from both production and distribution since the late 2000s. | After years in the doldrums, the ONS said there had been a marked pick-up in revenues from both production and distribution since the late 2000s. |
| Production, the preparation and shooting of films and TV programmes, contributed more than £2.5bn to the economy in 2016, while distribution, which includes licensing and managing rights, accounted for £3.5bn – a threefold increase since 2008. | Production, the preparation and shooting of films and TV programmes, contributed more than £2.5bn to the economy in 2016, while distribution, which includes licensing and managing rights, accounted for £3.5bn – a threefold increase since 2008. |
| The ONS said growth in post-production (editing, graphics, sound and visual effects) and projection (showing films in cinemas) was less dramatic, but still significant. There had also been spin-off benefits to the economy from advertising, set design, catering and tourism. | The ONS said growth in post-production (editing, graphics, sound and visual effects) and projection (showing films in cinemas) was less dramatic, but still significant. There had also been spin-off benefits to the economy from advertising, set design, catering and tourism. |
| “The Creative Industries Tax Reliefs, introduced initially for film in 2007 and later expanded to support high-end TV, video games, animation and children’s programmes, appear to have played a major part in attracting big-budget productions to the UK,” the ONS said. | “The Creative Industries Tax Reliefs, introduced initially for film in 2007 and later expanded to support high-end TV, video games, animation and children’s programmes, appear to have played a major part in attracting big-budget productions to the UK,” the ONS said. |
| It added that the tax relief allowed film production companies to claim a cash rebate of up to 25% of the money they spend making the film in the UK (up to a maximum of 80% of the film’s core expenditure). | It added that the tax relief allowed film production companies to claim a cash rebate of up to 25% of the money they spend making the film in the UK (up to a maximum of 80% of the film’s core expenditure). |
| Films have to qualify as British to obtain tax relief. This requires them to pass a “cultural test” based on how much of the story, setting, production and crew are British (or from the European Economic Area), or be an official co-production from a country which has a reciprocal agreement with the UK or through the European Convention on Cinematographic Co-production. | Films have to qualify as British to obtain tax relief. This requires them to pass a “cultural test” based on how much of the story, setting, production and crew are British (or from the European Economic Area), or be an official co-production from a country which has a reciprocal agreement with the UK or through the European Convention on Cinematographic Co-production. |
| The ONS said the British Film Institute had certified almost 2,000 films in this way. | The ONS said the British Film Institute had certified almost 2,000 films in this way. |
| • Follow Guardian Business on Twitter at @BusinessDesk, or sign up to the daily Business Today email here. | • Follow Guardian Business on Twitter at @BusinessDesk, or sign up to the daily Business Today email here. |