Media fund recoups half of £25.4m investment

Tue, 08 Nov 2016

The Island's Media Development Fund has recouped just over half of its investments made over the last four years.

Treasury Minister Alf Cannan revealed in a House of Keys written answer that a £13.1m return had been made since 2012 - a little over 50% of the £25.4m put into the fund over the same period.

However, last year saw a big jump in the returns, with an aggregate of £6.4m across all productions recouped during the 2015-16 financial year.

The Minister added that returns will be made on productions for months and years after they've been completed, while the figures don't take into account tourism as a result of publicity from films and programmes featuring the Island.

The figures were revealed following a question from Ramsey MHK Lawrie Hooper.