Austria government first to cover costs of delayed productions

A €25m fund has been set up for shoots that are delayed or interrupted by the coronavirus

The Austrian government has taken the bold decision to create a €25m fund to compensate local and international productions that have been delayed or forced to shut down by the coronavirus.

In a world’s first, the government will pay out grants of up to €2.5m per production to cover losses incurred, such as if a lead actor contracts the virus and has to go into quarantine. The fact the programme also covers international productions is a huge step, with the fund paying up to half of the additional Covid-19 related costs.

Applications for the COVID-19 grants can be submitted until the end of this year. Austria re-opened for film and TV production three weeks ago under new health guidelines. The country, one of the first in Europe to introduce a strict lockdown, has emerged from the coronavirus pandemic comparatively unscathed. There have been just over 17,000 reported cases of COVID-19 and 688 reported deaths attributed to the novel coronavirus.

Producers across Europe are calling for their governments to create similar support funds to cover COVID-19 risks. At the moment, because insurers have not yet stepped up to provide coverage for coronavirus, producers bear all the risk if they are forced to shut down production.

 

Austria government first to cover costs of delayed productions
Austria government first to cover costs of delayed productions

The Austrian government has taken the bold decision to create a €25m fund to compensate local and international productions that have been delayed or forced to shut down by the coronavirus.

In a world’s first, the government will pay out grants of up to €2.5m per production to cover losses incurred, such as if a lead actor contracts the virus and has to go into quarantine. The fact the programme also covers international productions is a huge step, with the fund paying up to half of the additional Covid-19 related costs.

Applications for the COVID-19 grants can be submitted until the end of this year. Austria re-opened for film and TV production three weeks ago under new health guidelines. The country, one of the first in Europe to introduce a strict lockdown, has emerged from the coronavirus pandemic comparatively unscathed. There have been just over 17,000 reported cases of COVID-19 and 688 reported deaths attributed to the novel coronavirus.

Producers across Europe are calling for their governments to create similar support funds to cover COVID-19 risks. At the moment, because insurers have not yet stepped up to provide coverage for coronavirus, producers bear all the risk if they are forced to shut down production.

 

Latest news & features

Featured profiles

Promote your services with KFTV

Choose from three profile types - Basic, Silver and Gold

create profile

We offer a range of display advertising opportunities. Click below to find out more.

Advertise With Us