Screen Ireland launched their “Cultural Dividend Generated by Section 481” Report. The Cultural Dividend Generated by Ireland’s Section 481 Film and Television Incentive is the first report of its kind and examines the impact that Section 481 has delivered for Irish society, for audiences at home and abroad, and for professionals working in the creative screen industry in Ireland. The cultural dividend is the collective value of the cultural impact and industry development impacts of the Section 481 film and television production tax credit incentive. A wide range of sources were employed for the study, including surveys, focus groups and analysis of individual film and television case study projects – and the period of focus was 2017 – 2021.
WGI Director Hugh Farley commented, “The report demonstrates the significant impact to the state of this vital initiative. Not only does it generate tax revenue but it creates jobs and projects images of Ireland overseas which has significant impacts for the tourism sector.”
The full report is available below: