New film and TV studio coming to Ireland
Ireland's Limerick City and County Council has made the first step to building a new film and TV studio in the region.
The council has announced it has reached a deal to buy the old Dell building in Castletroy – a 350,000 sq ft facility ideal for the production of film and television projects.
Bray-located Ardmore Studios, who have worked closely together with the council on this project, are expected to finalise the deal this week and announce the new studio facility. The studio's credits include the series Penny Dreadful (see photo) and Moone Boy and the feature film My Name is Emily.
From 1 January 2015, Ireland’s tax incentive was significantly increased and is now worth 32% of eligible Irish expenditure. The extra studio space will come in handy with the expected influx of international productions to the country as a result of this tax credit rise.
“It is proposed that the building will house a major international media hub to facilitate the production of film and television content and to provide support services,” said a council spokesperson to the press.
There currently is no such facility in the area and the council hopes that attracting this new industry to the mid-west region will create a lot more sustainable employment.
Local media report that the plans could lead to the creation of upwards of 700 jobs in the area.
The Republic's Finance Minister Michael Noonan has been quoted as saying that when considered successful in attracting more international productions to the country, he will keep Ireland's film tax relief under review and will look during the next Budget if he can make further improvements.