The Department of Business announced today that they have increased support for film projects this year under the Film & Television Production Incentive Fund. An additional $1.5 million will be provided for projects completed this fiscal year, bringing the total budget for the program to $11.5 million for 2016-17.
To read the press release from the Department of Business, click HERE.
“This decision is good news,” says Erika Beatty, Executive Director of Screen Nova Scotia. “Producers have been working hard to line up projects under the new program, some of which have already started production. This $1.5 million, along with the other positive changes we’re continuing to work on with government, allows an increase of at least $6 million in jobs and production spending throughout the province this year.”
Government and industry have been monitoring all approved, pending, and anticipated applications, as well as the year each production is expected to be completed and paid out, to forecast capacity in the fund.
To date, NSBI has announced 17 productions representing $4.9 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.