Despite intense lobbying, the UK government has confirmed the closure of the £500 million ($657 million) film and TV production restart scheme at the end of this month.
The Department of Culture (DCMS) has said in the last few minutes that commercial insurance bodies will work with commercial companies to provide cover for the UK’s booming screen industries as the scheme succeeds, which was responsible for ending the production hiatus in the summer of 2020, is coming to an end. to finish.
An insider with knowledge of the situation, however, said only one or two brokers are likely to provide the necessary coverage and producers are already worried about having to turn off the cameras.
The program has paid out £12m ($15.8m) in claims and logged over 1,000 TV productions in 18 months, including big names such as Kill Eve, Peaky Blinders and London gangs. It has already been extended three times, but the government is now shutting down the majority of its Covid financial schemes.
UK broadcasters and independents this week held a series of crisis meetings with the DCMS to try to extend it beyond April 30, Deadline Tuesday revealed, which were unsuccessful.
Culture Secretary Nadine Dorries said: “As we learn to live with Covid, it’s great to see the industry working with production companies to ensure they have the coverage they have. need to create high-quality content for domestic and foreign viewers.”