Question to the Department for Digital, Culture, Media & Sport:
To ask His Majesty's Government what is the value of the film industry to the UK economy, and what proportion of this figure can be attributed to companies that are headquartered in the USA.
In 2023 the film, TV, video, radio and photography industry had a GVA of £21.2 billion.
In 2024 production spend on film and high-end TV reached £5.6 billion, of which £4.8 billion was inward investment, the majority of which came from US studios. The value and success of our film industry is owed to a collaborative mix of inward investment and our domestic industry. Inward investment projects stimulate growth, good jobs and training across our nations and regions.
The deep ties between the US and UK film industries provide mutual benefits to both countries. Productions are by their very nature international partnerships, which are often developed and created across different countries and locations. The UK and the US both benefit when the likes of Star Wars and Mission Impossible are partly filmed in the UK, just as we both benefit from the close working relationship between our producers, talent and crew.