New Zealand is a member of the AFCI.
Saturday 8th March
The New Zealand Government is introducing a new funding mechanism, the New Zealand Screen Production Grant, an uncapped fund that will replace the current Large Budget Screen Production Grant (LBSPG) and the Screen Production Incentive Fund (SPIF). For international productions 20 per cent will become the new baseline and replace the current rebate of 15 per cent for the LBSPG.
Changes will be effective from 1 April, 2014.
The New Zealand Government currently offers production companies filming large budget productions in New Zealand two principal incentives:
The LBSP and PDV Grants offer a cash grant equivalent to 15% of Qualifying New Zealand Production Expenditure (QNZPE).
An Additional LBSP Grant, totalling 15% of the qualifying additional expenditure (capped at NZ$9.75 million), is available to productions with QNZPE of NZ$200 million or more which meet additional criteria.
The grant applies to:
Value of grant
LBSP Grant – Feature Film
15% of QNZPE – no cap
LBSP Grant – Television or non-feature
Additional LBSP Grant
15% of qualifying additional expenditure – capped at NZ$9.75 million
15% of QNZPE – after NZ$15 million LBSPG Applies
Productions may be bundled together to qualify for the grant if they meet the following criteria:
Television series with individual episodes that have completed principal photography within any 24-month period may be bundled. See the LBSP Grant Criteria for more details.
PDV productions may be included in a bundle if the applicants meet the requirement related to shareholding in common.
Note: Screen productions may not be bundled for the purpose of qualifying for the Additional LBSP Grant, other than as stated above.
Grant administration and application process
The grant is administered by the New Zealand Film Commission (NZFC).
Applications for the grant can be made after all QNZPE on the production is paid, or each time the QNZPE reaches NZ$50 million or more (an interim application).
All applications must be made within 3 months of completion of the production and payments are usually made within 3 months of application.
Applicants seeking the grant will not be eligible for any other New Zealand Government film finance or tax incentives in relation to the same screen production. Applicants may only apply for one grant per production unless the first grant was for the pilot of a series.
Applicants should provide an on-screen end credit to the New Zealand Government and promotional materials to the New Zealand Film Commission or Film New Zealand in line with the Promotional Materials Schedule.
For more information:
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