Manori Ravindran International EditorThe U.K.’s £500 million ($648 million) insurance scheme is finally going live.The Culture Secretary and Chancellor announced Friday that the government-backed Film and TV Production Restart Scheme formally launches following state aid approval from the European Union.It’s expected the scheme will support over 40,000 jobs across the sector by ensuring planned productions can proceed after a period of disruption due to the pandemic.Eligible productions will be onboarded within days and claims can be backdated to July 28.
Crucially, the deadline for registration and start of production has been extended into 2021.Culture Secretary Oliver Dowden said: “Our film and TV production sector is respected the.
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