17 October 2011 - 7:11am| by | 0 comments

Is Scottish Government under pressure to create £5m top-up fund for TV production companies?

Is Scottish Government under pressure to create £5m top-up fund for TV production companies?Is Scottish Government under pressure to create £5m top-up fund for TV

The Scottish Government is under pressure to create a £5 million top-up fund for television production companies, according to a report in the Sunday Herald.

A story, by deputy business editor, Steven Vass, says a report by consultancy, New Media Partners, calls on the Government to set up a production finance incentive fund to help attract major network television and digital commissions into Scotland.

Writes Vass, who points out the report was commissioned by the Scottish Government: “Such funds are available in most other parts of the UK, including Wales and Northern Ireland.

“Both independent Scottish producers and BBC Scotland believe these are luring commissions elsewhere, since they increase the budget on programmes and hence improve their quality.

“Although the report was produced several months ago, it has not yet been put into the public domain, prompting questions about whether the Government will act on its findings.”

Vass quotes the report as saying:”The Scottish industry feels disadvantaged through the lack of such a scheme, with anecdotal evidence of inward investment opportunities being lost to other nations and regions...

“Typically an investment of 10% to 25% of the total budget would make a significant difference to the viability of a project ...Based on that logic a fund of £5m invested over three years should enable production to the value of between £20m to £50m over that period.”

David Strachan, chief executive of Tern Television, is quoted as saying that the New Media Partners report was in line with recommendations made by the TV working group he chaired to look into the state of the industry last year.

Strachan is quoted as saying: “We also recommended that there ought to be company development finance of around the same size.

“So far we haven’t heard anything about that.”

Vass also quotes a spokesman for cultural quango, Creative Scotland, as explaining: “The TV Working Group, with a refreshed membership, will meet in November and this report and the progress to date will be a central element of the agenda.”

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