Ardmore looks for a new film
ARDMORE Studios in Bray will be actively working on attracting a feature film to the area following a new tax relief incentive.
Minister for Arts, Sport and Tourism Martin Cullen has confirmed that significant improvements to the Section 481 relief for investment in film projects are proposed as amendments to the Finance Bill which will be considered by the Oireachtas in the coming days.
Under the improvements the individual investor cap for those wishing to invest finance in film in Ireland will increase to€50,000 per annum (up from the current limit of €31,750) and there will be a 100 per cent relief on that investment. Previously the relief was at 80%. ‘This is extremely positive as it has been apparent in the last period of time we have lost our competitive edge,’ said Kevin Moriarty, the Managing Director of Ardmore Studios.
The last major movie filmed in County Wicklow was King Arthur in 2003.
‘Over the past five years we have changed our focus to T.V. and have been able to get in The Tudors which is very important. We have just finished filming Series Three and we are looking forward to starting Series Four some time next year,’ said Mr. Moriarty, ‘Now with the new tax relief we can look to attracting movies also.’
Minister Cullen has said the amendments to the Finance Bill with the support of the Minister for Finance, will allow the Irish film sector compete internationally to bring major inward investment productions to Ireland, while strengthening indigenous film and TV production.
‘I believe that the provision will sustain and grow employment in this sector in the years ahead, grow our production capacities and embed this key creative industry and I encourage an Bord Scannán na hÉireann/the Irish Film Board and the sector, to spearhead a major drive to deliver on this initiative,’ said Minister Cullen.