UK Launches Global Screen Fund to Close Creative Europe Funding Gap – Deadline
The UK Department for Digital Culture, Media and Sports (DCMS) and the BFI have announced the launch of the UK Global Screen Fund, the one-year pilot fund designed to help fill the huge void left by the lack of MEDIA funding from Creative Europe. post-Brexit.
The £ 7million ($ 9.7million) Global Screen Fund for the UK’s independent screen sector (including film, television, animation, documentaries and interactive storytelling games ) aims to “develop and produce projects of international appeal, expand the global distribution of UK content and encourage collaboration with international partners.
The pilot fund is led by Neil Peplow, Director of International Affairs at BFI, and will allocate funds to three open access streams:
Financing of international distribution: support for the sales and distribution of one or more British feature films (fiction, documentary, animation) in international territories.
International business development: financial support for business strategies that stimulate international growth and the development of intellectual property for companies working in film, television (animation, drama and documentary) and interactive narrative games.
Co-production investment: support for British companies to become partners in international productions, sharing intellectual property and income on animation projects and film and television documentaries with audience potential.
However, the size of the fund raised eyebrows. Initial proposals from the BFI, which will administer the fund for DCMS, called for a pot of £ 17million ($ 22.8million). The UK received € 12.2m (£ 10.9m / $ 14.5m) of MEDIA funding in 2018 and a total of € 74m ($ 87m) from broader Creative Europe program over the five-year period 2014-2018.
According to DCMS, the fund will lead and finance a new international promotional campaign that will showcase independent content from UK screens through multi-jurisdictional promotion of talent, content and business.
The government also says that additional investments will support the search for a new data center. This will explore the possibility of providing international data that can enable financiers, screen content creators, sales agents and distributors to make more informed decisions.
UK-based companies eligible for the UK Global Screen Fund will be able to apply from next week, with the International Distribution stream opening on April 28. The guidelines for this fund will be available here. Companies will be able to apply for business development funding from May, followed by co-production funding from June.
The Global Screen Fund is open to independent screen companies registered and centrally managed in the UK who meet the eligibility criteria of the published guidelines. The government said the fund would support companies across the UK, “by addressing the geographic imbalance within the industry”.
Culture Secretary Oliver Dowden said: “The UK has an independent film industry to be proud of. Our world-renowned film, television, video game and animation industries are creating jobs and growing across the UK.
“The UK Global Screen Fund will export the UK’s extraordinary talent and creativity to audiences around the world, helping our talented filmmakers and film companies to compete and grow. “
Ben Roberts, CEO of BFI, added: “Today’s announcement of the £ 7million UK Global Screen Fund pilot project will give a vital boost to the Kingdom’s exceptional independent screen sector. United by stimulating international partnerships and generating new export opportunities. As we look to this weekend’s Oscars and the incredible list of nominees in the UK, it is clear that our screen industries continue to exceed their weight internationally and contribute significantly. to the UK economy. It is vital that we continue to leverage the global impact of our diverse and brilliant independent screen content, enabling the creativity and success for which the UK is so renowned.