Stealth Media Films is pleased that the ‘Force is Strong’ for UK film production

Stealth Media Films was pleased with the news this week that yet another Star Wars film is set to shoot in the UK next year. Chancellor George Osbourne (not Chancellor Palpatine) was proud that his tax breaks are helping to keep the UK a first choice for film production.

American film companies benefit from choosing the UK as a production centre with 25% tax relief on the first £20m of qualifying expenditure and 20% thereafter. This is proving an attractive draw for companies looking to get maximum bang for their buck.

Tradition of the Star Wars Franchise

The treasury reported a massive boost of over 14% in film production investment on the previous year. In 2013 alone there was a massive £1bn investment into UK film production. It’s not just the tax breaks that attract film-makers, it’s also the talent and expertise of UK film technicians.

Disney and Lucasfilm have decided to shoot at Pinewood Studios which is a great boost for the UK industry and those employed here. It’s also in keeping tradition with the Star Wars franchise, the original film was partly lensed at Elstree Studios.

The Chancellor Speaks

Visiting the set of the current Star Wars film, the Chancellor George Osbourne praised the decision. "Lucasfilm and Disney's decision to shoot the Star Wars standalone movie in the UK is testament to the incredible talent in Britain," said Mr Osborne.

"This will mean more jobs and more investment. It is great news for people working at Pinewood Studios, from the set designers to the carpenters.

"As Chancellor I have been determined that we back our brilliant creative industries which is why we have invested in skills and training as well as providing tax relief for films, high-end TV, animation, video games and regional theatre.

"The further changes the Government made to the film tax relief at Budget 2014 will support our highly skilled, innovative creative sectors so that they continue to thrive and encourage more films to be made in the UK."

Stealth Media Films

At Stealth Media Films our current slate of films includes the eagerly anticipated Gummy Bear the Movie featuring the voice of John Travolta. We’re always keen to hear from parties interested in film investment, and we’re available for comment on film industry investment news. If you’re considering film investment you can contact Stealth Media Film Investments here.