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18.5 Films with final certification, 1998-2013 Due in part to a competitive tax regime, the number of UK films (cultural test/production costs test and co-productions) receiving final certification has risen sharply in the past few years. The high figures of 2010 to 2013 (between 189 and 203) contrast sharply with the low totals of 1998 (56) and 1999 (81). As Figure 18.1 shows, in the first half of the 2000s the number of cultural test/production costs test films remained fairly constant while co-productions increased to become the dominant financing model for production. The decline in co-production numbers since then has been influenced by the government’s closing of tax loopholes and the redesign of the post-2006 tax relief to accrue more benefit to the UK economy (see below). Figure 18.1 Number of films with final certification, 1998-2013 Number of final certifications 250 200 150 100 50 0 Cultural Test/Production Costs Test 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 40 68 108 75 77 76 72 66 74 98 97 144 170 189 187 182 Co-production 16 13 22 41 56 84 99 106 68 56 8 8 19 14 13 17 Total 56 81 130 116 133 160 171 172 142 154 105 152 189 203 200 199 Source: DCMS, BFI The total production budget of British films receiving final certification in 2013, at £1,466 million, was higher than in 2012 (£1,243 million) but lower than 2011’s record high of £2,250 million (Figure 18.2). Before 2011, the previous highest aggregate budget was £1,822 million in 2004, which was the highpoint (in terms of value) of the surge in official UK co-productions in the early 2000s. Over 92% of the total budget was accounted for by cultural test films in 2013. The value of official co-productions in 2008 was similar to the level in 1998-2000; from 2008 to 2010 the aggregate budget increased slightly to £137 million, then decreased to £74 million in 2012, followed by an increase in 2013 to £113 million. 196 – BFI Statistical Yearbook 2014


BFI StatisticalYearBook_2014
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