Jack Fishburn & Simon Radford: Final tax credits roll for British film

‘Risk to capital’ test

clock • 4 min read

Jack Fishburn and Simon Radford weigh up the future for EIS funding in British film in the wake of the government's response to the Patient Capital Review

When Phillip Hammond got to his feet to deliver the 2017 Autumn Statement, perhaps no profession was holding its breath more than the UK's film producers relying on tax-advantaged funding. Last year, the British Film Institute, Britain's flagship funding body for cinema, awarded £82.8m to help make British films. At the same time, according to the EIS association, investors making use of the government's Enterprise Investment Scheme (EIS) put around £280m into the UK's independent cinema and television industry through a handful of the most popular tax products, triggering more than £80m...

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