The New Zealand Government offers production companies three types of incentives:
• Large Budget Screen Production (LBSP)
• Post/Digital/Visual Effects (PDV)
• Screen Production Incentive Fund (SPIF)
Large Budget Screen Production Grants of 15% are available for film or television series’ with Qualifying New Zealand Production Expenditure (QNZPE) of $NZ15m or more. There is no cap on the grant or limit to yearly funding. It is a cash grant and processing is fast (usually within three months of application).
Qualifying expenditure (QNZPE) includes all goods and services provided in New Zealand during pre-production, production, post-production including cast and crew labor. (Note: Foreign cast and crew fees are considered QNZPE for the period cast or crew are in New Zealand). It is possible to ‘bundle’ or group more than one project together to meet grant thresholds – talk to us if you would like more detail.
There is an additional grant for very large productions which have a QNZPE of more than $NZ200m for 15% of any guaranteed deferments and participation payments (up to $9.75m).
A Post, Digital and Visual Effects (PDV) Grant is available for a qualifying post-production spends of between $NZ3m and $NZ15m (beyond this figure the Large Budget Grant applies).
The Government also offers a 40% Screen Production Incentive Fund Grant (SPIF) for feature film projects from $NZ2.5m to $NZ15m QNZPE that meet specific criteria for significant New Zealand content.
For more information on these incentives and to apply please visit the Film New Zealand website.
See the NZ Film Commission website for more details