Baroness O'Cathain
Main Page: Baroness O'Cathain (Conservative - Life peer)I thank the noble Lord for his review, which has some very important recommendations in it. The points that he makes about other countries investing in film are indeed well made and we shall be looking at the patterns that they suggest. However, public funding for film is reasonably substantial. It is estimated to have been £296 million in the financial year 2009-10, which is an increase on the previous year and does not include local authority, research council or higher and further education funding. There is possibly room for more investment from some of the television channels but at the moment British film is not doing too badly from public sector money.
My Lords, is it not true that this would create an enormous precedent? Is there any other industry where investment in something would be insisted on? Surely any organisation has the right to decide what it invests in on the basis of the business plan it is marketing. I do not feel that we should make an exception for film, even though it is part of the creative industries. I think that a fantastic job has been done in film without asking people to invest in it.
My noble friend is of course right that those other channels are commercial and therefore they have to take decisions on commercial grounds. However, as I said, all these issues will come under much deeper consideration as we look through the recommendations from the report of the noble Lord, Lord Smith.