UK pledges £500m insurance fund to jumpstart film and TV production

A £500m scheme to jumpstart the UK’s battered film and television industries has been welcomed by producers.

On Tuesday, the culture secretary, Oliver Dowden, announced a scheme in which the government effectively takes on the role of a commercial insurer by offering to support productions if they incur losses because of coronavirus.

Film and TV production ground to a halt because of the lockdown, meaning delays to a string of movies and popular TV shows such as Line of Duty and Peaky Blinders. With the easing of restrictions, companies have been desperate to restart production but have been unable to do so because insurers will not provide Covid-19 cover.

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