Creative Capital Report - Irish Film Board

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vi Executive Summary Following an extensive consultation process, the Audiovisual Strategic Review Steering Group conclusion is that meaningful and sustainable growth can only take place by expansion into international markets through Irish content companies and content creators exporting successfully, and by Ireland expanding as a centre for international content production. The Steering Group has identified the key areas that Government should prioritise in order to achieve the stated growth objectives of the report within a five year timeframe. In each priority area, the Steering Group is also making specific recommendations designed to achieve the stated growth objectives of the report within a five year timeframe. The consultation process identified the key priority areas as: Develop the Industry and Build Strong Companies Innovation and entrepreneurial drive led by Irish-based companies of scale will open up new markets and develop new products and services for all markets. The summarised recommendations of the report are: Develop the Industry • Section 481 to be extended to 2020; • Introduce annual international TV co-production fund with high economic return; • The Minister for Arts, Heritage and the Gaeltacht to convene industry-wide industrial relations consultation with a view to concluding comprehensive agreements; • Establish Piracy Prevention and Policy Group; • Continue broadband roll-out and investment in digital sites.
Creative Capital Building Ireland’s Audiovisual Creative Economy vii Build Strong Companies • Target innovation funding from Innovation Fund Ireland; • Extend Research and Development Tax Credit to include content development, supporting convergence between the audiovisual content industry and the gaming industry; • Employment and Investment Incentive Scheme to be extended to audiovisual content production companies; • Rights ownership to vest in production companies and content creators to drive export growth; • Multi-project development funding to be made available to the industry; • Multi-annual commissioning to be a feature of broadcast commissions; • Develop Irish banking facilities to support audiovisual exports and trade; • Build access to angel investors and private equity; • Incentives to be made available which will promote scale through consolidation; • Build new partnerships in the convergence space. Build Exports Ireland is a highly successful exporting country and the transfer of this know how via existing State channels will greatly benefit the audiovisual content industry in the next phase of its growth from predominantly domestic markets to predominantly international markets. The summarised recommendations of the report are: • A strategic plan concentrating on audiovisual exports (sales and promotion) to be developed by the relevant agencies (Enterprise Ireland, Irish Film Board, Culture Ireland and the Irish Film Institute) in consultation with the industry. This plan will include metrics to measure cultural exports. Develop Skills and Talent The audiovisual content industry is dependent for its success on the quality of talent and skills available to it. The employment targets will depend on a significant increase in the numbers and quality of people available to the industry. The summarised recommendations of the report are: • The IFB to take full responsibility for determining the essential creative and
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Creative Capital Report - Irish Film Board

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