The Spanish Prime Minister, Pedro Sanchez has concluded his whistle-top tour of the United States with a visit to Los Angeles where he presented the government´s ‘España, Hub Audiovisual de Europa‘ incentive programme to make Spain the “Hollywood of Europe.”
The Spanish government plan will see an investment of 1.6 billion Euros in public money to encourage international investment in the Spanish film industry as well as further develop Spanish content for export.
The government hopes that the incentive plan will see a 30% increase in production in Spain by 2025 with a three pronged approach including reducing red tape for film production companies, introduce new technology and encourage gender equality in the industry.
We want to make Spain an audiovisual superpower. That’s why we’ve created #SpainAVSHub. In meetings today with the CEOs of audiovisual giants, I explained this plan and why our country is the perfect stage for their projects. We’ll see you in Spain! pic.twitter.com/5Pad8Ti6mz
— Pedro Sánchez (@sanchezcastejon) July 23, 2021
The Spanish film industry has undergone a renaissance in the last few years and has seen major international with Netflix content including the hugely popular series Money Heist, which sees eight thieves take hostages and lock themselves in the Royal Mint as well as well received documentaries such as the Alcasser Murders
The Prime Minister met with industry chiefs including senior executives from Netflix, HBO, Disney and WarnerMedia telling them that “Spain has all the necessary administrative and fiscal incentives, as well as all the possible scenarios and locations to receive new projects and create new fictions. We aspire to become, and so has been said in some media, if you allow me to compare it, the Hollywood of Europe”.
The four day visit was centred on New York where he met bankers and investors as well as California with visits to Silicon Valley and the NASA test centre but did not include Washington or any political stops.