Magazine article Screen International

Germany Ups Film Funding by Euro50m in Major Boost to Sector

Magazine article Screen International

Germany Ups Film Funding by Euro50m in Major Boost to Sector

Article excerpt

The German government has approved a major increase in film funding in a bold bid to grow the local and international film business in Germany.

Chancellor Angela Merkel's cabinet has authorized a euro50m boost to approximately $150m in film funding for 2018.

Culture secretary Monika Grütters confirmed on Thursday morning during the announcement of the nominations for this year's German Film Awards (Lolas) that the budget from 2018 would comprise of euro25m for culturally-oriented funding, euro50m for the existing German Federal Film Fund (DFFF) cash rebate incentive programme, and euro75m for the DFFF II scheme.

The latter is targeted at attracting and retaining major national and international productions in Germany as well as providing support for production service producers such as studios and VFX companies operating out of Germany.

This latest move to put Germany on a more equal footing with other film production hubs with attractive tax incentives and cash rebate schemes came just over a month after Grütters announced a euro25m boost to the DFFF's euro50m budget for 2017. …

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