The Government has announced a dedicated £500m fund to help domestic film and TV productions struggling to get coronavirus-related insurance.
The announcement was made by Chancellor of the Exchequer Rishi Sunak and Minister for Digital, Culture, Media and Sport, Oliver Dowden.
The £500m fund aims to fill the gap left by the lack of available insurance and cover coronavirus-related losses for cast member and crew illnesses, and filming delays or disruptions caused by the ongoing battle against Covid-19.
The Government has also set out how organisations can apply for £880 million in grants from next week as part of the £1.57 billion Culture Recovery Fund, which is the Government’s biggest ever one-off investment in the arts.
In the UK, the film and television production industry supports more than 180,000 jobs and contributes more than £12 billion to the economy annually.
