The authorities have also released guidelines that will allow shoots to restart in the country.
The UK’s culture secretary Oliver Dowden has announced the launch of a government-backed scheme worth $713m (£550m) for domestic film and TV productions struggling to secure coronavirus-related insurance.
The funding will be available to all productions made by companies where at least half of the production budget is spent in the UK and is estimated to cover more than 70% of the film and TV production market to the end of the year.
In a statement, Dowden said: From award-winning dramas to iconic comedies and revered documentaries, the UK makes the films and TV shows the world can’t wait to watch. Today’s announcement means more clapperboards snapping into action in studios across Belfast, Glasgow, Cardiff, Watford and many more. Our screen industries are high growth, jobs creating and showcase the best of British creativity and innovation, and I’m pleased we can give them this jump-start to get the cameras rolling again on this £12bn industry.”
The British government has also formally endorsed a comprehensive set of guidelines that will allow shoots to restart in one of the world’s film and high-end production capitals after they were shut down due to the novel coronavirus pandemic.
Among the major productions postponed due to the coronavirus crisis include The Batman and Jurassic World: Dominion, alongside TV shows like Sex Education, The Witcher and The Crown.
In the UK, the film and TV production industry with over 180,000 jobs contributes more than £12bn to the economy annually.