Economic Impact of the Film Estonia Production Incentive

Client: Estonian Film Institute

Location: Estonia

Commissioned by the Estonian Film Institute, this 2022 study 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.

If you would like to hear more about this study, please email SPI Senior Consultant Eleanor Jubb on eleanor@o-spi.com.

Further information on SPI’s impact studies can be found here.