New South Wales (NSW) Premier Kristina Keneally has announced a $25 million funding boost to support and attract Australian and major international film and TV production to NSW.
The $25 million funding announcement comprises:
• An additional $20 million in screen incentives to attract large-scale production to NSW; and
• $5 million for Screen NSW’s Production Investment Fund to support local productions.
The funding – to be delivered in the upcoming NSW Budget – is a major funding increase for the NSW screen industry.
The announcement has been welcomed by the international film industry.
From the US, Warner Brothers Executive Vice-President of Physical Production Bill Draper said today: “This fund will put NSW in serious consideration as we scout the world for potential locations for our upcoming features.”