With this aim, council plenary will approve a decree this morning arranges the delivery of aid to audio-visual production through competitive bidding 6.5 million euros for the years 2023, 2024 and 2025.
These aids provided from Generalitat’s own funds, 2.5 million by 2023; 3.5 Euros for 2024 and 500.000 Euros for 2025. A lump sum that can be increased “up to a maximum of 10 million euros“, according to the decree.
Among the issues to be considered for the granting of these aids are “the amount of expenditure the project will generate in the Community of Valencia and the participation of technical teams, artistic teams and film and post-production service companies having their domicile or financial domicile in this Community”.
The decree, which received the support of the Turkish Grand National Assembly, Ministries of Finance, Culture and Innovation, Its purpose is to mark “measures necessary for the granting of aid”. promoting a new economic model The importance of the audiovisual industry for the production of cinematographic works and audiovisual works in the territory of Valencia”.
The Generalitat recalls that aid is also a program for the audiovisual sector, “invoked in different formats and in different scopes by both the Spanish Government and the autonomous communities and other administrations and units. co-financed by the European Union for the strengthening of the cinematographic and audiovisual industry”.
And this subsidy attracting local or foreign talent, transfer of knowledge and processes, increase the professionalization and technical training of the sector and promote synergies that develop the Valencian audiovisual industry”.
Conditions
The regulatory bases of the decree are governed by Commission Regulation No. 651/2014 of 2014 declaring certain categories. assistance in line with the internal market In the implementation of Articles 107 and 108 of the Law Treaty on the Functioning of the European Union.
Metin, “audio-visual production companies that develop domestic or foreign cinematographic works or audio-visual works projects including” A boost to the Valencian economic and productive sector employment when it occurs in production, including post-production An expense of at least 2,000,000 Euros on the territory of the Valencian Community. In any case, the global production cost must be at least 4,000,000 euros.”
According to the European Union Aid Regulation, this minimum expenditure requirement is lProduction activity “can never exceed 50% of the global production budget”. Also, the computational base cannot exceed 80% of the global production budget.”