K.J. Yossman reports in Variety that Tax Breaks Resulted in $18 Billion Boost for U.K. Economy.

She writes:

“According to the British Film Institute report, titled “Screen Business,” every £1 of U.K. film tax relief generates £8.30 for the U.K. economy via direct spend on screen production (which has increased by 74% to £13.86 billion between 2017-19), local business and infrastructure growth, job opportunities, inward investment e.g. in studio space, exports of U.K. services and productions, travel, retail and tourism (Bath, for example, now offers a number of “Bridgerton” tours).”

The dark side?

“While the production boom is great news for the U.K. economy – the report found jobs have increased by 45% and almost £1 billion will be invested in production facilities since 2016 – it has had a knock-on effect on smaller production companies and indie film producers, who are struggling to source crew, space and even equipment. In turn, scarcity has unsurprisingly led to price inflation.”

My take: I would say the same thing has happened here in Victoria, BC.