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Criteria finalised for NZ Screen Production Grant

Steven Joyce, Christopher Finlayson

1 APRIL, 2014

Criteria finalised for NZ Screen Production Grant

The Government has released the criteria for the New Zealand Screen Production Grant (NZSPG) that comes into effect from today.

The NZSPG combines the Large Budget Screen Production Grant and Screen Production Incentive Fund into a new grant agreed by Cabinet in December 2013.

The new arrangements introduce a 20 per cent grant for international productions, increasing to 25 per cent in limited circumstances. A 40 per cent grant is being made available for New Zealand productions, and the range of these that will qualify has been increased. For New Zealand grants above $6 million the Crown will benefit from a share of any profits which will be reinvested in the screen sector.

There are a number of criteria that need to be met in order to get the additional 5 per cent for international productions – in particular the wider economic benefits to New Zealand. That includes the marketing, promotion and showcasing of New Zealand and New Zealand expertise as we have seen with The Hobbit films and has been agreed with the makers of the Avatar trilogy.

"The marketing benefits for New Zealand from these sorts of high profile productions underline the New Zealand story of creativity and innovation that benefits our exporters more generally.

The new criteria follows consultation with 150 representatives from the New Zealand and overseas screen industries.

“These changes have been designed to encourage more mid-sized locally-driven productions and attract more international productions while our own local industry develops and becomes more sustainable,” Mr Joyce says.

“Supporting our local screen industry is vital so longer term more New Zealand-made stories can be successful on the world stage,” Mr Finlayson says.

The criteria on the NZSPG is available at: http://www.nzfilm.co.nz/funding/feature-films/production-funding/new-zealand-screen-production-grant

Pre April 2014 – New Zealand’s screen production incentivesPost April 2014 – New Zealand’s screen production incentives
International Productions
Large Budget Screen Production Grant (LBSPG)
Vote Economic Development
Annual appropriation
Uncapped
New Zealand Screen Production Grant – International
Vote Economic Development
Five year multi-year appropriation
Uncapped
QNZPE qualifying thresholds
Film $15m
TV $4m
PDV $1
QNZPE qualifying thresholds
Film $15m
TV $4m
PDV $1
Grant rebate rate
15%
Grant rebate rate
20%
25% in certain circumstances – subject to meeting significant economic benefits points test
Additional grant for productions over $200mDiscontinued
Eligible format
Film
TV and other non-TV formats – see criteria
Eligible format
Remains the same
Initial verification process
Recommended and encouraged for non-film formats only
Initial verification process
Recommended and encouraged for non-film formats
Required for all applicants wishing to apply for the additional 5% grant
Eligibility (no points test)
Format, expenditure threshold, relevant entity and special purpose vehicle, residency status – baseline 15% grant
No access to other NZ government incentives
Eligibility– introduced new significant economic benefit points test
Same as previous Large Budget Screen Grant criteria for baseline 20% grant or
Productions wishing to apply for additional 5% grant (25%) must then meet requirements of the significant economic benefits points test – either by reaching 20 points or through fast-track qualification – subject to also delivering wider economic benefits
Bundling
Available for 2 or more productions where each has a minimum qualifying New Zealand production expenditure of $3m or more and together bundled to a total qualifying New Zealand production expenditure of $30m or more
Bundling
Remains the same
New Zealand Productions
Screen Production Incentive Fund (SPIF)
Vote: Arts, Culture and Heritage
Multi-year appropriation
Capped
New Zealand Screen Production Grant for New Zealand Productions
Vote: Arts, Culture and Heritage
Five year multi-year appropriation
Uncapped
Grant rebate rate
40% Film
20% TV and other
Grant rebate rate
40% Film
40% TV and other
Provisional application process
Recommended
Provisional application process
Recommended
Eligibility for New Zealand Productions
QNZPE qualifying thresholds
Film $2.5m total
TV and other $250k-$1m total & $250k/hour-$800k/hour – see criteria
Short form animation $250k total & no less than $400k/hour
QNZPE qualifying thresholds
Film $2.5m total
TV and other $250k-$1m total & $250k/hour-$800k/hour – see criteria
Short form animation $250k total & no less than $400k/hour
Eligible format (including evidence of commercial distribution)
Film
TV and other non-TV formats
Eligible format (including evidence of commercial distribution)
Amended to align with New Zealand Screen Production Grant – International Productions
Requirement for NZ theatrical distribution amended to remove reference to 20 screens
Significant NZ content
Via points test (15 points TV and other, 20 points film with minimum mandatory points in section A and C)
or
official co-production
Significant NZ content
Via points test (15 points TV and other, 20 points film with minimum mandatory points in section A and C) – more flexibility in A3 (creative material) and new B4
or
official co-production
Other eligibility criteria
Relevant entity and special purpose vehicle
Residency status
Recoupment position
Access to other government incentives
Non-NZ government funding thresholds
Other eligibility criteria
Relevant entity and special purpose vehicle
Residency status – revised and tightened
Recoupment position – revised and tightened
Access to other government incentives
Non-NZ government funding thresholds
Two new criteria for productions with qualifying New Zealand production expenditure of $15m or more – producer’s track record and export potential
Grant arrangements
Grant capped at $15m qualifying New Zealand production expenditure per production – i.e. $6m (film), $3m TV.
Grant arrangements
Grant capped at $50 million qualifying New Zealand production expenditure

Productions with qualifying New Zealand production expenditure of $15m or more:

must satisfy additional eligibility criteria otherwise grant is capped at $15m qualifying New Zealand production expenditure

must share 50 per cent of the net income and profit deriving from the grant on qualifying New Zealand production expenditure between $15 million and $50 million with the NZ Film Commission to reinvest in the sector

Related Documents

Cabinet paper (pdf 566.14 KB)

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