Boris Johnson has announced new investment in London’s film, TV and animation industries.
This month, a new tax relief came into effect, operating in the UK for TV and animation production. To make the most of this opportunity, the Mayor is expanding the remit of Film London aiming to bring in £200m of additional expenditure through TV and animation production and create 1000 industry jobs, many of which could be in the creative community centred in West London.
The Mayor and the London Enterprise Panel will invest £2m to broaden Film London’s reach, with £750,000 ear-marked to promote the development of these sectors.
London is the third busiest city in the world for film-making after LA and New York.
Boris Johnson, Mayor of London said: “We are at the dawn of a new golden age of TV production in London. We have an unprecedented opportunity to grow this exciting sector to deliver jobs, produce more world class British drama and, above all, make London the city of choice for TV and animation production. It’s time for London to fulfil its potential as the world leader and employer it’s destined to be in this field.”