Valencia has announced a new incentive for producers.

The incentive is open to European and Spanish producers and offers between 16% and 20% of spend in Valencia.

To get the full 20%, producers' local spend must be at least $12.5m or they can form a multi picture deal to shoot in the region (ie 4 films in 12 months).

One of the chief aims of the incentive is to draw major productions to the Ciudad De La Luz studios in Alicante, which is currently putting the final touches on an exterior water tank.