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IFB Will Strive to Achieve High Production Activity, Exports and New Jobs for the Audiovisual Sector Despite Capital Budget Cut

8th Dec 2011
The capital budget for Bord Scannán na hÉireann/the Irish Film Board (IFB), the national agency for the Irish audiovisual production sector, has been announced as €13.15 million for 2012, reduced from €16 million in 2011. The administration budget for the agency is €2.54 million increased from €2.431 million in 2011. This brings the overall agency budget to €15.9 milion in 2012 and represents an overall cut of 14.9% from the 2011 budget allocation.

Commenting on the 2011 budget recommendations IFB Chairman James Morris said:

"Bord Scannán na hÉireann/the Irish Film Board is deeply committed to ensuring that the Irish film, television and animation industries continue to make a significant creative and economic contribution to the Irish economy, delivering a strong return to the exchequer and continuing to create new jobs.

Despite the cut in overall funding that the agency has received due to the difficult overall circumstances of the Irish economy, the IFB will continue to work even harder to ensure growth in the audiovisual sector, investing in Irish production companies to deliver high levels of production activity for 2012. The agency remains committed to delivering the targets set out as part of the Creative Capital report on the audiovisual industry, launched earlier this year, which aims to double the turnover of the sector to €1 billion per anum and to create 5000 new high quality jobs over the next five years.

High levels of production activity in the film, television and animation industry bring a number of benefits of the Irish economy, in terms of raising international investment in Irish film and television projects, which is spent on local jobs, goods and services all over Ireland. Irish film and television also promotes Ireland as an international tourist location with 20% of visitors to Ireland quoting film and television as their reason for coming, according to Failte Ireland figures."

Despite the difficult economic circumstances of the past two years, the Irish film, television and animation industry has achieved much success. Recent industry highlights include the IFB funded film The Guard which has become a smash hit at the Irish box office this year taking over €4.2 million; the major TV series Titanic: Blood and Steel filming on location in Dublin, investing €12 million in the Irish economy; the industry has also won several major international festival selections at Sundance, Cannes, Berlin and Toronto and the first major Bollywood film Eka tha Tiger filmed on location in Dublin earlier this year.
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