Large Budget Screen Production Grant Scheme

New Changes to LBSPG

As of 16 July 2007, the New Zealand Government has introduced changes to the Large Budget Screen Production Grant.  The changes include:

·      an increase in the grant to 15%

·      removal of the 70% threshold for productions with QNZPE between $15m and $50m

·      bundling of productions (each with a minimum spend of $3m) to reach a QNZPE threshold of $30m

·      a new PDV (post-production, digital and visual effects) incentive whereby qualifying PDV expenditure  which reaches a threshold of $3m will receive a grant of 15%

New criteria (dated 19 October 2007) to reflect these changes and new FAQs (dated 19 September 2008) can be downloaded below.  The old criteria (dated December 2003) will continue to apply to production expenditure incurred prior to 16 July 2007.  Please contact the NZFC if you need a copy of the old criteria.  The application form is available below.  Please note that a new exit survey for PDV Productions will be issued in early 2008.  If you have questions please contact: Sarah Cull, LBSPG Administrator, New Zealand Film Commission, sarah@nzfilm.co.nz, +64 4 382 7694.  You may also find additional information on the websites referred to below. 

The following organisations may also provide further information and assistance.

Film New Zealand is the national film locations office. Their role is to provide information, introductions and support to filmmakers both internationally and locally.
http://www.filmnz.com

The Inland Revenue Department's tax guide for people working in the screen production industry in New Zealand.
http://www.ird.govt.nz/industry-guidelines/screen-production

New Zealand Trade & Enterprise is the New Zealand Government's agency charged with helping New Zealand businesses achieve success at home and in the global marketplace.
http://www.nzte.govt.nz

Investment New Zealand is the Government's national investment promotion agency, actively assisting foreign companies and investors to relocate to New Zealand, establishing greenfields operations, and/or to investment in and participatation with New Zealand companies in global ventures.
http://www.investnewzealand.govt.nz

This section of Investment New Zealand's website focuses on the screen production industry, with contact details for Investment Managers.
http://www.investnewzealand.govt.nz/section/4417.aspx (screen production section)