Economic Impact Study of the Australian Film and Television Production Incentive

Client: Australia New Zealand Screen Association (ANZSA)

Location: Australia

In early 2023, SPI calculated the economic impact of the Australian Screen Production Incentive (ASPI) programme.

Covering the Producer Offset, Location Offset and Incentive and PDV Offset, the study found that Australia’s film and television industry is a thriving economic sector, with the three initiatives providing key support to its growth.

The study also found a significant increase in expenditure associated with incentive productions, reaching over A$2.1 billion in 2021/22 across the combined three incentive initiatives. In addition, the three incentives have delivered a combined economic return on investment (RoI) of 4.91, showing that for every A$1 of net investment, the Australian economy benefited from A$4.91 in additional Gross-Value Added (GVA). 

This demonstrates that the ASPI helps deliver economic impact on a consistent basis, as well as leveraging wider strategic impacts, including screen tourism and infrastructure investment. 

This analysis follows SPI’s previous incentive impact report on Australia’s Offsets in 2018.

Download an infographic of the ASPI’s key economic impacts here. 

Download the full report here. 

Further information on SPI’s Economic Impact Studies can be found here.