Data

Economic Impact of the Film Estonia Production Incentive

This 2022 study by Olsberg SPI provided an in-depth evaluation of the Film Estonia Cash Rebate.

The study focused on the economic impact of the incentive in 2021. The study found the incentive:

• Generated €8.5 million in additional production expenditure
• Generated €8.2 million in Gross Value Added
• Was responsible for 189 full-time equivalent jobs
• Generated €2.7 million in additional tax receipts.

The study also found that the incentive had a strong return on investment, with each €1 of net investment in the incentive in 2021 providing a total of €5 of value created in the economy.

The economic impact uncovered was found to be broad and wide-reaching. Analysis of an incentivised production found that 60% of its ‘below-the-line’ technical expenditure took place outside of the screen sector, with construction and hospitality benefitting from production expenditure. Additionally, the supply chain of vendor businesses had a wide geographical footprint, with significant pockets of expenditure occurring outside Tallinn, Estonia’s capital city and main production hub.