The independent report Screen Business, published by the British Film Institute (BFI), revealed the highest ever return on investment to the UK economy of £13.48bn, which is gross value added (GVA) and defined as wages and operating profits, from the UK government’s screen tax reliefs from 2017-2019.

The 2019 figures, which are the most recent figures available, are a 27% increase from 2017 and up 56% from 2016. Film production alone generated £1.89bn in tax revenue in 2019 and the total gross value added for film in 2019 was £7.68bn.

The £1.02bn, which is the estimated tax relief from 2019, produced £5.11bn in direct production spend which is a 61% increase on 2016, and led to an additional £6.43bn in gross value added for the UK economy. Additionally, there were 218,790 full-time equivalent jobs in the creative sector, up from 181,850 in 2017.