Winston "Gypsy" Peters, Minister of the Arts and Multiculturalism is insisting that this country's film industry cannot grow on talent alone.He said financial investment was crucial and called on the corporate community to take a closer look at incentives that would be worth their while when they help develop this non-energy sector.
Delivering the feature address at 14th EU Film Festival hosted by the Embassy of the Kingdom of the Netherlands on October 19, at Movietowne, Woodbrook, he called on businesses to help bolster this emerging creative economy."The tax break for companies investing in the performing arts has been increased from $1 million to $2 million dollars.
"It is expected that this development will be a catalyst for greater involvement of the private sector in the cultural industries of T&T," he said.He told the gathering about this country's rich legacy in the theatre arts which would provide the edge needed in the desire to establish a well constituted local film industry that would positively affect growth in the same area regionally.
"The EU Film Festival is an important channel through which film aficionados in T&T can view the abundance of creative talent that abounds within the European film industries."I certainly believe that with showcases of this nature and closer collaboration, the creative economy of the Caribbean will grow.
"The government of T&T and by extension the Ministry of the Arts and Multiculturalism are playing our part in ensuring that the environment exist to facilitate that expression of the creative energies of our people," he said.