West Midlands production gets £3m boost
An additional £3m of investment is made available to feature films and high-end TV drama through Creative England's West Midlands Production Fund (WMPF) for 2015.
The organisation has also revised its guidelines, opening the fund up to more projects.
As well as increasing the maximum investment per project to £1m, the fund will now offer productions a mixture of debt and equity and can accept matched co-investment from both private and other public sector sources including BFI, BBC, C4 and the Enterprise Investment Scheme (EIS) on terms to be agreed.
WMPF is supported through the European Regional Development Fund (ERDF) and accepts applications from producers already based in Birmingham and the West Midlands as well as from production companies looking to bring projects to the region on the condition that they show a strong commercial proposition and an economically positive impact on the area.
Richard Holmes, senior film executive at Creative England, said: "This uplifted funding and more flexible guidelines will make the West Midlands region an even more attractive destination for TV and film producers looking for diverse locations, a talented workforce and dynamic production services support.
"We've seen some fantastic productions film in the West Midlands with support from WMPF, most recently Pinewood, Shine and Kudos' Spooks: The Greater Good and Altitude's The Call Up. Now we're stepping up a gear, with a greater focus on the TV production sector and a pragmatic investment model designed to attract new commercially-focused businesses. Our doors are open."
For more details on how to apply for the fund please visit the Creative England website.
Also on The Knowledge
New production entity Sky Studios has launched with a focus on development and filming across Europe.
The BBC has commissioned a two-part adaptation of The Pale Horse as its latest Agatha Christie drama.
The BFI has launched the UK’s Creative Content Fund with a plan to raise £20m in a year in independent equity to back high-end shoots.
The BBC has commissioned a second series of its period drama Gentleman Jack.
Film London’s Production Finance Market (PFM) has initiated new partnerships with the BFI London Film Festival (LFF) and the Breaking Through The Lens pitching lab.
A new drama adaptation of the Dickens classic A Christmas Carol starts filming this week for BBC One.