London Enterprise Panel support helps secure London as a world leading destination for TV and film production
05 April 2013
The London Enterprise Panel (LEP) has contributed to an investment of £2m to promote the development of TV and animation production in London. The funding of £750,000, which has been provided from London's Growing Places Fund allocation, was endorsed by the London Enterprise Panel at its meeting in January 2013 and is expected to leverage £200m worth of additional expenditure through TV and animation production, creating 1,000 industry jobs.
The Mayor of London, Boris Johnson, announced the new investment this week at Ealing Studios - the longest running film studio in the UK and home to the Downton Abbey set - as well as the pioneering 'performance capture' special effects studio Imaginarium.
The funding will be used to broaden Film London's reach and maximise the impact of a new tax relief operating in the UK for TV and animation production. Already enjoying tax relief for film, London is now the third busiest city in the world for film-making after Los Angeles and New York. Film London, which is already working to facilitate major motion pictures shot in the capital, generated £770m in investment over the last four years alone and hopes are running high for the agency's expansion into high-end TV formats such as dramas, mini-series, franchise shows, international co-productions and animations.
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. Let's make sure that all future Downtons are filmed on our turf".
5 April 2014