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MDJM LTD Highlights Strong Policy Support for Animation and Creative Industries Across the UK and Europe
Prnewswire· 2026-03-09 12:34
Core Insights - The animation and creative industries in the UK and Europe are experiencing strong policy support and economic significance, becoming a strategic component of national and regional economic development [1] - The UK's creative industries contributed over £124 billion in gross value added (GVA) to the economy in 2023, representing over 5% of total UK economic output and supporting approximately 2.4 million jobs [1] - The UK government has implemented structured policies, including a 39% expenditure credit for animated productions, to attract global production and strengthen the domestic creative ecosystem [1] UK Policy Support - The UK maintains a structured policy environment for screen production and animation development, with the Audio-Visual Expenditure Credit (AVEC) system offering a 39% credit on qualifying production costs [1] - Enhanced incentives for visual-effects production will begin in 2025, with qualifying UK VFX expenditure receiving a 39% credit and previous limits on eligible spending removed [1] - These policies position the UK as a competitive location for animation production and audiovisual development [1] Scotland's Creative Economy - Scotland has positioned the creative industries as a central pillar of its cultural and economic development strategy, contributing billions to the national economy and supporting tens of thousands of jobs [1] - Public agencies like Screen Scotland and Creative Scotland are focused on building production capacity and supporting creative talent [1] - Regional cultural infrastructure is recognized for its role in attracting international projects and supporting long-term industry growth [1] European Policy Environment - The animation and audiovisual industries in Europe operate within a robust policy framework that supports cultural production and international collaboration [1] - The Creative Europe program facilitates cross-border collaboration among European studios and promotes the international circulation of European creative works [1] - National incentive programs and co-production treaties have emerged to support animation and audiovisual production across Europe [1] Animation as a Strategic Industry - Animation is increasingly recognized within policy frameworks as a high-value creative industry and cultural medium [1] - The demand for high-quality narrative content is expanding, prompting governments and industry bodies to emphasize support for animation [1] - The strengthening policy environment in the UK and Europe is expected to foster the development of animation projects and cross-border collaboration [1] Company Initiatives - MDJM LTD is focused on cultural IP development, animation production, and international licensing, expanding operations in the UK with projects like Fernie Castle and Robin Hill Property [2] - The company is collaborating with European animation studios to develop animated short films that blend Eastern themes with Western artistry [2] - This initiative reflects the company's commitment to enhancing its cultural business footprint and global market expansion [2]