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FUNDING Ireland

Screen Ireland receives a €2 million budget increase

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- The national film agency has welcomed the increase in its capital budget, the extension of Section 481 and a 5% boost to the regional uplift incentive

Screen Ireland receives a €2 million budget increase
Irish Minister of Finance Paschal Donohoe

Screen Ireland has welcomed the €2 million increase in its capital budget as well as the extension of the Section 481 audiovisual tax incentive until 2024 and its regional uplift of 5%, which will grant additional support for projects filmed across the country's regions for the next four years. These provisions, announced by Irish Minister of Finance Paschal Donohoe, will represent a 14% overall increase, bringing the agency's capital budget to €16,202,000 for 2019. In addition, the ministry has earmarked €3.84 million for the film body's administration and training budget.

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The announcement was followed by a comment from Screen Ireland's chair, Dr Annie Doona, who explained: “Earlier this year, Minister Madigan announced the Audiovisual Action Plan [see the news], an industry-wide, long-term vision to support the government’s ambition to enable Ireland to become a global hub for the creative screen industries. Therefore, we also very much welcome the extension of Section 481, the Irish tax incentive for the film and television industries, until December 2024. 2018 has been an incredibly successful year to date, with Ireland welcoming a large number of major international productions to our shores. Consistent governmental support for Section 481 is imperative to enable Screen Ireland to promote Ireland as an attractive international destination for film and TV production. The regional uplift to Section 481 of 5% will also provide an additional incentive to increase Irish and international production activity from Cork to Limerick, from Galway to Donegal, developing jobs and increasing investment across the regions. We also look forward to working with the government to ensure that the process of implementing Section 481 continues to be improved upon.”

Over the last few months, many international productions have chosen Ireland as their filming destinations. Major television hits include Metro-Goldwyn-Mayer’s Vikings, Netflix-NBC Universal’s Nightflyers, AMC’s Into the Badlands and ABC’s Quantico. Recent successful feature films backed by Screen Ireland include Nora Twomey’s animation The Breadwinner [+see also:
film review
trailer
film profile
]
Lance Daly's Black ’47 [+see also:
film review
trailer
interview: Lance Daly
film profile
]
(which took over €1.6 million at the Irish box office), Emer Reynolds' The Farthest [+see also:
trailer
film profile
]
, the recipient of an Emmy Award for Outstanding Science and Technology Documentary, and Carmel WintersFloat Like a Butterfly [+see also:
film review
trailer
film profile
]
, the winner of the FIPRESCI Prize in the Discovery programme at Toronto this year.

The national industry is clearly flourishing at the moment. According to a report published by international consultancy Olsberg SPI, the Irish film, television and animation sector currently provides around 12,000 full-time job equivalents, with a gross value added to the economy of €1.1 billion for the audiovisual and radio sector.

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