Irish Film Board and IDA hope to cash-in during Oscar week

State agencies target Irish-heavy Oscar season to boost investment

Irish Film Board and IDA hope to cash-in during Oscar week

Ian West / PA

IDA Ireland and the Irish Film Board (IFB) hope to use this weekend's Oscars as a platform to attract film-makers and inward investment to Ireland. 

According to the Irish Independent, both agencies have full schedules during the coming days as they meet with studio executives, talent agents, financiers and other representatives from the film industry.

IFB chief executive, James Hickey commented on the opportunity that the success of Irish productions and actors offers:

"The eyes of the film world truly are on us. In Hollywood next week our message will be clear - the Irish film sector is a world player in creativity and technical skills.

"Ireland is at the nexus of technology and innovation; we can offer international productions access to attractive incentives, unrivalled landscapes, developed infrastructure and a pool of wonderful and experienced creative talent."

Meanwhile, the IDA will use the platform to also put Ireland forward as an innovation hub. The agency says that the film industry is worth half a billion to the Irish economy and that there is significant potential for it to continue to grow.

Its chief executive, Martin Shanahan outlined the package that Ireland offers:

"Government incentives like the Section 481 Tax Credit and Ireland’s open stable corporate tax regime at 12.5pc are valuable differentiators when we are promoting Ireland abroad; equally so is our reputation for being a global hub for technology and software talent, and our track record in creativity speaks for itself."

Brooklyn and Room, two Irish-backed productions, are in the running for Best Picture at Sunday night's ceremony, while Saoirse Ronan, Michael Fassbender, and director Lenny Abrahamson are all nominated for individual awards.