The report, by Saffery Champness LLP and Nordicity, which was commissioned by Hounslow Borough Council on behalf of Creative Enterprise Zone West and Screen Capital West, with support from the Mayor of London’s office, set out to analyse the local economic benefits of Film and TV Studios in West London. The objective was to re-balance the discussion of the economic benefits of film and TV production to its impact on the long supply chain across the sub-region.
Given the setbacks experienced by the industry in 2023, this report shows the growth potential from the inevitable pent-up demand for production services that are expected in 2024 and beyond.
Video courtesy of RD Content
The UK’s film and TV production industry is very much export-driven. The value of its exports in 2019 were equivalent to 40% of its GVA – higher than any other service industry. In 2022 alone, the UK’s film and TV production industry received over £5.4 billion in inward investment production.
Given its long history of hosting film and TV production, West London (Barnet, Brent, Ealing, Hammersmith and Fulham, Harrow, Hillingdon and Hounslow) is already well placed to benefit from these expenditures on film and TV talent, extras and crew. It is home to thousands of film and TV workers – and is among the largest concentrations of these workers in the UK.
A film and TV project’s supply chain expenditures are distributed across a wide range of industries – building materials, security services, studio hire, to equipment hire to catering. The purchase of art department materials are the largest single type of spend, followed by location fees, services and security, and production equipment hire.
West London is well-positioned to benefit from these supply chain expenditures.
The research shows:
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