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UK Launches Global Screen Fund to Close Creative Europe Funding Gap – Deadline

The UK government’s Department for Digital, Culture, Media and Sport (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 £ 7m ($ 9.7m) Global Screen Fund for the UK independent screen sector (including films, television, animation, documentaries and interactive storytelling games) aims to ‘develop and produce projects with 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:

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Financing of international distribution: support for the sale 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, fiction and documentary) and interactive narrative games.

Co-production investment: support for British companies to become partners in international productions, sharing intellectual property and revenues on film and television animation and documentary projects with audience potential.

However, the size of the fund has raised eyebrows. Initial proposals from BFI, which will administer the fund for DCMS, called for a pot of £ 17m ($ 22.8m). 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 pilot and finance a new international promotion campaign that will showcase independent content from UK screens through multi-territory promotion of talent, content and business.

The government also says new investments will support research on 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 made available here. Companies will be able to apply for business development funding from May, followed by co-production funding from June.

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TIFF

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 says the fund will support businesses across the UK, “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 expanding across the UK.

“The UK Global Screen Fund will export the extraordinary talent and creativity of the UK 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 UK’s exceptional independent screen sector by stimulating international partnerships and by generating new export opportunities. As we look to this weekend’s Oscars and the incredible roster of British nominees, it is clear that our screen industries continue to exceed their weight internationally and contribute significantly to the British economy. It is essential that we continue to leverage the global impact of our independent, diverse and brilliant screen content, enabling the creativity and success for which the UK is so renowned.

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