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Figure 18.5 shows that one reason for the decrease in the cultural test/production costs test median budget is the growth in the number of very low budget (under £2 million) films being awarded final certification. This growth has been particularly marked since 2006, suggesting that UK tax relief has become more accessible to low budget filmmakers following the introduction of new rules in 2007. The total number of medium and high budget (over £10 million) films with final certification has remained fairly consistent. From 2004 to 2010 there were around 10 to 15 films per year, then the number increased to 20 in 2011 before going back to a more ‘typical’ 14 and 16 in 2012 and 2013 respectively. Figure 18.5 Final cultural test/production costs test certifications by budget band, 1998-2013 Number of films 120 100 80 60 40 20 0 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 ≥30 2 3 1 3 2 2 5 5 2 3 9 4 6 13 9 9 10-29.9 2 3 3 10 13 3 7 9 7 7 6 7 9 7 5 7 5-9.9 5 12 14 7 10 5 13 7 9 9 11 8 10 15 7 12 2-4.9 20 26 43 24 13 25 23 25 21 18 9 24 16 20 21 22 0.5-1.9 9 22 39 30 27 32 19 16 23 36 24 49 41 40 44 39 <0.5 2 2 8 1 12 9 5 4 12 25 38 52 88 94 101 93 Total 40 68 108 75 77 76 72 66 74 98 97 144 170 189 187 182 Source: DCMS, BFI Table 18.4 shows the distribution of cultural test budgets by budget band for all films certified in the years 2007 to 2013. The 5% of films with budgets of £30 million or over accounted for 74% of the aggregate budget, while the 72% of films with budgets under £2 million accounted for only 5% of the aggregate budget. This reflects both the growth in the number of low budget cultural test films and of big budget inward investment UK/USA titles in the top budget band. 200 – BFI Statistical Yearbook 2014


BFI StatisticalYearBook_2014
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