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Beleaguered British Independent Film Sector Poised for Revival as New Incentives Come Into Force
After facing market failure in 2022, the smiles are back on the faces of British indie filmmakers, thanks to the U.K. Independent Film Tax Credit.
The incentives were put together by the BFI, Pact, the U.K. screen sector trade body representing independent production and distribution companies, and the government’s Department for Culture, Media and Sport. Finney says that the IFTC will lead to talent incubation and that young filmmakers see it as a “massive opportunity” in terms of getting their films financed and made. Among the first British indies that will use the IFTC are comedy-horror “The Scurry,” directed by Craig Roberts, and Rowan Athale’s boxing biopic “Giant,” both of which are in production.
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