Tax Incentives Kicking In, Bizkaia Rapidly Fills Production Schedule, Builds On Infrastructure
variety.comHolly Jones Bizkaia is seeing a boom in production with freshly implemented tax incentives luring industry leaders from Europe and abroad to the region for ever-more-ambitious audiovisual projects.
The incentives, which kicked off Jan. 1, offer an up-to-70% deduction tax break for national and international co-productions of film and TV projects, with no included cap.
Already enticing studios such as Toboggan and production houses Buendía Studios and Tornasol to set up in Bizlaia and streaming giant Netflix to invest in original productions, the territory is fast capitalizing on the breaks that work in tandem with its illustrious landscapes, savvy creative and support networks.
According to the Bilbao Bizkaia Film Commission, to date the territory has added more than 230 days of filming from the start of the new incentive.
Read more on variety.com
