The British Film Institute (BFI) today announced that it will grant $44m (£36.6m) in cash awards over three years to support fiction feature films as part of its new National Lottery Filmmaking Fun…
) today announced that it will grant $44m in cash awards over three years to support fiction feature films as part of its new National Lottery Filmmaking Fund.– The discovery fund will be dedicated to directorial debuts and aim to support six feature films per year, each budgeted below $4m . The first deadline for applications is April 24 for fully-developed projects seeking to shoot this year. Applications will reopen in July and November.
These figures are a 20% drop from the previous funding plan set by the BFI and the Film Fund. The reduction is the result of a significant drop in the pot of lottery money available to the organization. The BFI has said the new fund has been informed by “extensive consultation” with the industry and research reports, including the Economic Review of UK Independent Film, to provide “the greatest possible impact” to the independent UK film sector., Director of the BFI National Lottery Filmmaking Fund, said the goal is to support the UK’s “world-class indie filmmakers” who will be a key part of shaping the industry’s future.
“We are all navigating a reality, post-pandemic, of challenging conditions which require a pragmatic approach. Informed by my own 30-year experience across the sector and working closely with the filmmaking fund team, we are committed to doing as much as we can with the funding available in fair, focused, transparent, and mindful ways.”
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