Funding and Support
Creative Wales will have a clear offer of financial support. It will continue to offer funding where there is evidence of market failure or the need for strategic government support and will have a dedicated annual budget to invest in further economic stimulus.
We recognise that much of the creative industries sector is freelance/self-employed and the continuing growth of the sector will rely on a range of different funding models. We are keen that future funding will be flexible and decisions will be agile, showing a greater appetite for risk and also enable the development and retention of intellectual property within the sector in Wales. The time taken for funding decisions must be proportionate to the level of funding requested and the associated risks.
Support will continue to include direct Welsh Government intervention through a variety of means including grants and sponsorship. However, we will also be considering other funding streams available to the sector such as the Development Bank for Wales, private and third sector funding and the role of Creative Wales will be to help broker these financial partnerships.
Where businesses are seeking direct financial support from Creative Wales they will be required to commit to an Economic Contract aimed at stimulating growth, increasing productivity and making Wales fairer and more competitive. A key consideration for the Welsh Government through Creative Wales will be that individuals gain fair employment and fair terms and conditions.
Further details on funding mechanisms, as and when they're announced can be found on the Creative Wales website.
Ffilm Cymru Wales
Ffilm Cymru Wales have a remit to help to develop the film sector in Wales and maximise the economic, educational and cultural benefits of film.
They support Welsh or Wales-based writers, directors and producers with development and production funding, industry assistance and mentoring opportunities. They also promote the use of film in education and community regeneration.
For more information visit the Ffilm Cymru Wales website.
UK Tax Relief
The British Film Institute’s (BFI) certification unit is the first point of contact for applicants wanting to qualify their film, high-end television programme, animation programme and video games as British and to access the UK’s creative sector tax reliefs.
For further information visit the BFI website.
For further advice on UK Tax Relief for production, follow the links to the British Film Commission’s website for: