§ Mr. Hancock
asked the Minister for the Arts how much money the British film industry received from the Government over the last six years.768W
§ Mr. Luce
[pursuant to his reply, 5 December 1985, c. 337]The British film industry is funded by venture capital; it is not a subsidised industry. My right hon. Friend the Secretary of State for Trade and Industry has been responsible for recycling funds from the distribution side of the industry to the production side under the provisions of the former Films Acts 1960 to 1980.
I am responsible for the British Film Institute, and its grant-in-aid over the last six years has been: Year
Year £ 1980–81 5,829,000 1981–82 6,520,000 1982–83 *8,469,000 1983–84 7,243,000 1984–85 7,710,000 1985–86 8,075,000 * Includes £1.4 million supplementary.