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The film industry generates more than 100 million a year in the Canary Islands, the third largest amount in Spain. Every euro invested in incentives to attract international filming between 2019 and 2022 generated a return of 9 euros in terms of gross added value (GVA), according to a study presented this Sunday by the Spain Film Commission within the framework of the San Sebastián Festival. Based on this study, carried out by the consulting firm Olsberg SPI, the Canary Islands was the third Spanish region with the greatest economic impact of film activity, reaching 106.3 million euros thanks to the most favorable incentive regime, and only behind the Community of Madrid and Catalonia. The analysis compiles information from 165 international productions benefiting from tax incentives in that period, which generated a total expenditure of more than 1,320 million euros and an estimated minimum of 1,800 million in GVA contributions – a measure of contribution to GDP. In the Canary Islands, due to its special tax regime, the deduction is 54% for the first million euros and 45% for additional expenses, with a limit of 36 million euros per feature film and 18 million euros per episode of a series. . Other autonomous communities, such as Navarra or the Basque Country, have also developed