The Department of Business announced today that they are increasing funding to the 2017/2018 Film & Television Production Incentive Fund by $6.9 million, bringing the total budget for the program to $16.9 million. This increase from last year’s fund is in response to forecasted growth in film and television projects lined up to shoot in the province this season.
“More film production activity means more jobs and spending in Nova Scotia,” said Mark Furey, Minister of Business. “We’re proud of the industry’s success and we’re prepared to support them.”
To read the full media release from the Department of Business, click HERE.
“Today’s announcement is great news,” said Erika Beatty, Executive Director, Screen Nova Scotia. “The forecasts we’ve shared with NSBI are optimistic that production volume will continue to grow, along with the rest of the Canadian industry. Our producers continue to attract external investment, hire Nova Scotians, and export our stories to the world.”
Government and industry have been working together to monitor all funding applications and track the year each production is expected to be completed and paid out, in order to estimate the demand for the fund in any given year.
Since the fund’s inception, NSBI has announced 50 productions – including international TV series The Mist, which received an additional $5.9 million in funding outside of the 2017/2018 budget – presenting almost $24 million in funding commitments. Those approved productions, which span several fiscal years, can be found HERE.
To learn more about the Film & Television Production Incentive Fund, click HERE.