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UK Creative Media February 2013. Creativity is a UK strength – we design ideas. UK Creative Economy = 6% GDP, equivalent to Financial Services Creative Industries employ 2.3M people. Geography. London as key hub Soho, Studios around M25 Creative clusters Brighton, Bristol, Cardiff,
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UK Creative Economy = 6% GDP, equivalent to Financial Services Creative Industries employ 2.3M people
Geography • London as key hub Soho, Studios around M25 • Creative clusters Brighton, Bristol, Cardiff, Dundee, Manchester, Newcastle
Sectors - Film/Post/VFX World class talent base, technology driven Screen services sector c.£2.2Bn, employs 25,000 people across 1,300 companies VFX Oscar has had UK nominee for 5 of last 6 years
Value of UK spend on UK feature production 1992 – 2012 Source: BFI Statistical Yearbook
Sectors - Animation Traditional UK strength, recognised brands £300M industry size – small but influential High value in secondary exploitation International in reach & production
Sectors - Television UK TV revenues £12.3Bn 2011, £5.5Bn content commissioning 9 terrestrial broadcasters, 300+ cable channels 850 independent production companies International sales c. £1.42Bn, global lead in TV Formats
Trends 80% UK under 25’s use a “second screen” whilst watching TV as running social/shared commentary Highest global use of mobile internet, high penetration of tablets Expansion of digital & catch up – BBC iPlayer, YouTube, Netflix, LoveFilm
Key enablers Skills base – strong talent pool and highly competitive environment Creative excellence – UK as recognised innovative & creative leader International reach – cultural and economic hub (US / EMEA)
STOP PRESS – UK Tax Reliefs UK Government consultation on tax incentives for Animation, Gaming, TV (high value production) during 2012 Modelled on successful Film tax relief “I want the UK to remain a world leader in the creative industries” - George Osborne, UK Chancellor 11 11
UK Tax Reliefs - update Film Tax Relief remains (20% >£20M, 25% <£20M) High end TV defined as £1M+ per programme hour Animation & Games no budget threshold Level = 25% (tbc) against applicable spend 12 12
UK Tax Reliefs – cultural test Pointssystemweighting “cultural benefit”: content (setting, languagestory) expenditure hubs (production, post, vfx) keytalentandcrew 13 13
UK Tax Reliefs – implementation Envisaged implementation April 2013 More details: www.hm-treasury.gov.uk/consult_creative_sector_tax_reliefs.htm 14 14
Associations & agencies PACT – www.pact.co.uk BritishFilmCommission – www.britishfilmcommission.org.uk FilmLondon – www.filmlondon.org.uk Creative England – www.creativeengland.co.uk UK Screen – www.ukscreenassociation.co.uk 15 15
Mark LeaverUKTI creative / digital advisermark.leaver@uktispecialist.com+44 7884 490937@mark_leaver