The Seed Enterprise Investment Scheme was introduced in 2012 to support investment in very early-stage companies, which often struggle to access growth capital.<\/p>
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As a non-sectoral scheme, no assessment has been made of the application of the SEIS to specific industries or sectors. Since its introduction, the scheme has helped over 8,000 companies from a range of industries to raise around £800 million in investment.<\/p>
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The government recognises the importance of the film industry to the UK economy, which is why it offers specific support for the production of culturally British films. Last year alone the film tax relief provided support worth £469 million, in addition to nearly £70 million in direct funding.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/3935", "label" : {"_value" : "Biography information for Mel Stride"} } , "answeringMemberConstituency" : {"_value" : "Central Devon"} , "answeringMemberPrinted" : {"_value" : "Mel Stride"} , "dateOfAnswer" : {"_value" : "2019-03-19", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2019-03-19T16:54:33.76Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2019-03-11", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Film: Finance"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, what assessment he has made of the adequacy of the Seed Enterprise Investment Scheme in helping domestic film production companies raise funding.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4677", "label" : {"_value" : "Biography information for Giles Watling"} } , "tablingMemberConstituency" : {"_value" : "Clacton"} , "tablingMemberPrinted" : [{"_value" : "Giles Watling"} ], "uin" : "230892"} , {"_about" : "http://data.parliament.uk/resources/1063982", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1063982/answer", "answerText" : {"_value" : "
The UK film industry is a great success story, contributing an estimated £4 billion a year to the economy and supporting nearly 70,000 jobs. Last year the government provided £469 million worth of support through the film tax relief and almost £70 million in grant in aid and national lottery funding through the British Film Institute.<\/p>
<\/p>
The film tax relief supports the production of culturally British films. 2,420 films have benefitted from the film tax relief since it was introduced in 2007.<\/p>
<\/p>
The British Film Institute supports UK film production companies through the BFI Film Fund, investing in the production of films from adventurous storytellers, the BFI Locked Box initiative, enabling production companies to benefit from the success of their films, and the BFI Vision Awards, supporting new film producers to build their companies.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/3935", "label" : {"_value" : "Biography information for Mel Stride"} } , "answeringMemberConstituency" : {"_value" : "Central Devon"} , "answeringMemberPrinted" : {"_value" : "Mel Stride"} , "dateOfAnswer" : {"_value" : "2019-02-27", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2019-02-27T10:12:14.717Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2019-02-19", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Film: Finance"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, what plans his Department has to support domestic film production companies to raise funding.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4677", "label" : {"_value" : "Biography information for Giles Watling"} } , "tablingMemberConstituency" : {"_value" : "Clacton"} , "tablingMemberPrinted" : [{"_value" : "Giles Watling"} ], "uin" : "223175"} ], "itemsPerPage" : 10, "page" : 0, "startIndex" : 1, "totalResults" : 2, "type" : ["http://purl.org/linked-data/api/vocab#ListEndpoint", "http://purl.org/linked-data/api/vocab#Page"]} }