On Monday 14 August, the European Commission announced that it had approved a modification to an existing Spanish scheme to support the production of films and other audiovisual works, originally approved by the Commission in May 2014. The aid scheme had already been amended in December 2015 and December 2020.
The amendment includes an increase in the annual budget of €340 million, bringing the scheme’s annual budget to €400 million.
The amendment also introduces an increase in...