Department of Innovation, Industry, Trade and Tourism 5 million lira aid to promote the audiovisual industry in terms of production cinematographic and audiovisual works In the territory of Valencia. This situation will leave an economic impact of 25,753,362.15 Euros on the Community.
The Generalitat has a number of subsidies: Covers 25% of the costs incurred during the production of the audiovisual work in the autonomous region. This means that the global cost of production at least 4 million euros and the minimum local expenditure in the Community is at least 2 million, As detailed by Conselleria.
The maximum amount of aid that can be given to production companies for this concept is 1.5 million. this grant It is compatible with other public contributions. In addition, the Ministry emphasizes that after the publication of the call rules published every year, it should be taken into account that only construction and post-construction expenses should be taken into account, not development expenses, and states that these should always be expenses incurred. .
Bonus
The companies that benefited from this support this year were: Surfil, the production company that will make the movie titled Orwell. “Orwell”; Misent productions SL for the movie “Prisoner”; Defective Films for Film “bad influence” and Hampa Studio for movies “The Girl and the Wolf” and “Tastes of the Hunt”. The total budget of these productions reaches 37,530,432.00 euros.
Production companies will be able to cover the costs in three annual installments. Therefore, in this issue, non-refundable competitive competition subsidies, Promoting a new economic model for the audiovisual industry, this amounts to a total of 5 million distributed over three years.. This amount represents 25% of the expected spending in the Community by the five films benefiting from the aid.
audiovisual sector
Audiovisual sector in the community Characterized by the small average size of their companies and reduced in size compared to the situation before the crisis that started in 2008. This is stated in the reports of the Valencian Institute for Economic Research (IVIE) on the Valencian audiovisual sector.
In 2019, the Valencian audiovisual sector consisted of 780 companies, representing 7.8% of the total sector in Spain. Sector a weight lower than reasonable Considering the potential that the community has, that is, climate and natural, rural and urban landscapes It offers a wide range of opportunities for the audiovisual sector. Also has …. Infrastructure and services that provide opportunities Conselleria underlines this for an economic development in which an important audiovisual activity can be a part.
For this reason Nuria Montes, Minister of Innovation, Industry, Trade and Tourism“Valencia states that the government wants Contributing to the growth of the audiovisual sector and thereby to promote the autonomous production model by encouraging the development of existing capacities and resources.” He further argued that the aim was: Attracting local and foreign agencies Contributors to the Valencian audiovisual industry with their know-how and technical resources in the most advanced practices of the international audiovisual industry.
“It should also be added that the audiovisual sector It is the backbone and element of harmony of the region, “It is a transmitter of culture and language within its sphere of influence, a channel for the transfer of knowledge and information, a place for entertainment and meeting between people,” he concluded.