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Kutxabank-Backed Fund to Invest €100 Million in Euskadi’s Booming Audiovisual Sector

Regional councils’ 70% tax breaks fueled a record 81 productions in 2024 ahead of the new capital injection.

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Overview

  • The newly launched fund will allocate €100 million to support Euskadi’s audiovisual companies.
  • Kutxabank serves as its principal backer, endorsing the initiative to elevate the Basque Country’s film and series production capacity.
  • Regional councils provide tax incentives of up to 70% on contributions to film projects.
  • In 2024, the San Sebastián-Gipuzkoa Film Commission recorded 81 productions, including 19 in Álava and 39 in Bizkaia.
  • On-location shoots such as ‘Sacamantecas’ in Álava and ‘Plan de fuga’ in Bilbao highlight Euskadi’s production-friendly environment.