British Film Institute (BFI) has announced that 2016 was the highest year of UK film production spend ever recorded with £1.6 billion.
This is an increase of 13% on the previous year, with £1.35 billion spent by 48 major inward investment films based in the UK including the forthcoming Star Wars VIII: The Last Jedi, Ridley Scott's Alien franchise sequel Alien: Covenant, Christopher Nolan's World War Two drama Dunkirk, and DC Comic's superhero blockbuster, Justice League. BFI says that this demonstrates "the continued high international regard held for UK crews, VFX and production services, locations and the supportive fiscal environment created by the UK’s creative sector tax reliefs".
UK films did well at the box office in 2016 too, itself having its second best year for UK cinemas on record, taking £1.227 billion. Studio-backed, UK made films made up 27.5% of UK box office share last year, led by Rogue One: A Star Wars Story, Harry Potter spin-off Fantastic Beasts and Where To Find Them and Bridget Jones's Baby. Meanwhile, UK independent film captured 7.5% of the overall UK box office takings. The leading films were Absolutely Fabulous: The Movie, Eddie the Eagle and Dad's Army.
UK television production spend in 2016 grew 11% on 2014 with 36 productions generating £477.8m. TV shows made in the UK include The Crown, Game of Thrones, and the third series of Outlander.
This announcement came before a Film London roundtable including Mayor of London Sadiq Khan, CEO of the BFI Amanda Nevill, and a number of influential and successful film and television leaders.
Download BFI's 2016 production spend report below.
Image from BFI website. Eddie Redmayne in Fantastic Beasts and Where To Find Them.