Tysers welcomes extension of UK £ 500million production restart program


Lloyd’s Tysers broker has announced that the UK’s £ 500million Production Restart Program (PRS) for film and TV set shoots has been extended for six months.

The program was first launched in July 2020 to help the film and television industry recover from the pandemic by dealing with delays related to COVID-19.

This gives productions the assurance that they will be supported if future losses are incurred due to the pandemic.

Many films long listed for the 2021 British Independent Film Awards (BIFA) in December 2021, which recognize the UK’s top independent filmmakers and filmmakers, have benefited from the program.

Tysers advised the government on the initiative and helped clients benefit from the program. The PRS has supported more than 750 independent film and television productions and more than 65,000 screen jobs in the past 12 months.

The extension will support another 400 productions and help protect around 34,500 jobs, according to DCMS.

Paul Hillier, Director of Media, Film and Television, played an important role in advising the Department for Culture, Media and Sports (DCMS) on the set-up and adaptation of the UK Film & TV Production Scheme, to help productions across the country resume their activities. .

Hillier commented: “It is great news that the government has extended the UK Film & TV Production Scheme. Navigating the past 18 months has been incredibly difficult for the industry. With no commercial insurers offering coverage, the PRS was the only way to get projects back into production and get the industry back on its feet.

“I was delighted to participate in DCMS ‘advice on the program, which has provided critical support to many of our clients. While the rate has increased from 1% to 2.5%, the program is the most cost effective way to cover production for delays related to Covid-19. “

Polly Leys and Kate Norrish, co-founders of independent production company Hillbilly Films and producers of the BIFA nominated feature Pirates, added, “We insured Pirates with Paul and his team at Tysers.

“Unfortunately, we had to stop production for six months due to Covid-19 and had to make a complex claim. We were really grateful for all the support and advice we received from Tysers. Their help really made the whole process easier.

User-friendly printing, PDF and email

Source link


Comments are closed.