Impact analysis of fiscal incentive schemes supporting film and audiovisual production in Europe

The European Audiovisual Observatory publishes a new analysis of the impact of fiscal incentive schemes – tax shelters, tax rebates and tax credits - which aim at stimulating investment in the production of film and audiovisual works. The analysis identifies, describes and categorises the schemes in place across Europe and evaluates their impact in attracting foreign investment, both from within Europe and from other countries too. It then compares the various schemes according to their advantages/disadvantages and examines how they work alongside other economic and political measures. The report concludes by evaluating the impact of these systems in the international context.

This analysis was carried out by one of Europe’s leading screen sector development consultancies, Olsberg•SPI, providing specialist, high level advice for over 20 years to public and private sector clients in the creative industries, focusing on film, television and digital media.

Contents:

1. Foreword from Susanne Nikoltchev

Section 1 – Overview and Background
2. Executive Summary
3. Background to the Study
4. Incentive Studies in Europe
4.1. Categories of Schemes
4.2. Countries Operating Schemes

Section 2 – Economic Impacts
5. Economic Impact of the Schemes
5.1. Framework
5.2. Outline of Economic Impacts
6. Belgium
7. Croatia
8. Czech Republic
9. France
9.1. SOFICA
9.2. Crédit d’Impôt
9.3. Crédit d’Impôt International/TRIP
10. Hungary
11. Ireland
12. Italy
13. United Kingdom
14. Comparative Analysis
14.1. Relevance to other Film Policy Initiatives and Regulations
14.2. Key Factors in attracting Portable Productions
14.3. Advantages to Differing Incentive Models
14.4. Anticipated Future Trends

Section 3 – Perspectives on Impact
15. Perspectives on Impact
15.1. Cost of ‘Production Flight’
15.2. Impact of Schemes on ‘Production Flight’
15.3. Effectiveness of European Schemes
15.4. ‘Production Flow’ to and from Europe
16. Qualitative Analysis of Impacts
16.1. Industry Capacity
16.2. Employment
16.3. Foreign Investment

Section 4 - Conclusions
17. Conclusions
17.1. Domestic and International Productions
17.2. Data
17.3. Capacity and Infrastructure
17.4. Adjacent Economies

Appendices
18. Appendix 1 – Glossary
19. Appendix 2 – Research Method
20. Appendix 3 – Consultees
21. Appendix 4 – Bibliography
22. About Olsberg•SPI