|03 March 2013||#1|
Washington DC, USA
Variety: U.K. Government Backs Vfx Industry with Funding
"The British government is upping support for the vfx industry, a go-to resource for Hollywood pics.
The news was unveiled in London today by Chancellor George Osbourne, the pol who holds the government’s purse strings, in his annual budget statement.
The support comes in the form of funding for training plus possible tax incentives, to be decided after public consultation.
It adds to the previously announced extended tax reliefs for high-end TV, animation and vidgames.
Last fall the chancellor announced an initial allocation of £6 million ($9.1 million) for the Skills Investment Fund, managed by industry body Creative Skillset, which funds training for the creative industries.
In the new budget an extra $7.6 million per year for the next two years will go to SIF for a total $12.1 million per year.
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