Details of a government-back insurance scheme worth up to £500m have now been published to help get films and TV shows back on screen
On 28 July, the UK Culture Secretary announced the launch of a Government-backed £500m scheme for UK film and TV productions struggling to get insurance for Covid-related costs.
The Film and TV Production Restart Scheme will help productions across the country that have been halted or delayed by an inability to obtain insurance for Covid-19 related risks to get back up and running, by giving productions the confidence they need that they will be supported if future losses are incurred due to Covid-19.
Now DCMS and HM Treasury have published the draft Scheme Rules and supplementary Explanatory Notes.
The formal commencement of the scheme is conditional upon the European Commission providing State Aid approval. The scheme rules are subject to change. The draft documents are therefore not legally binding, and subsequent versions will be uploaded to this page if details change.
Pending this formal commencement, the Scheme is now open for applications, which must be made via the appointed Third Party Administrator, Marsh Commercial. The application form can be viewed and submitted through this link. As per the initial announcement, future claims made under the Scheme can be backdated to 28 July 2020.
The registration deadline for this scheme is 31 December 2020, and claims will be able to be submitted up to 30 November 2021 for losses incurred up until 30 June 2021.