The UK film industry is a vibrant hub of creativity and innovation, with countless talented filmmakers and producers working hard to produce great content. But creating a film can be a costly endeavour, and many filmmakers struggle to find the funds to make their projects a reality. Fortunately, there are a number of public funding options available in the UK to help filmmakers bring their vision to life. In this article, we'll explore the different types of public funding for film production in the UK, and how filmmakers can access them. The main types of public funding for film production in the UK are through grants from the British Film Institute (BFI), Creative Scotland, and other regional bodies; tax reliefs such as the film tax relief; and crowd-funding platforms.
Each type of funding has its own eligibility requirements, so it is important to research which one is best suited to your project. The BFI offers a variety of grants for film production, from development grants to production finance. Eligibility requirements vary depending on the type of grant, but generally include having a project that meets the BFI’s criteria and that has a viable distribution plan. Creative Scotland offers a range of grants for film production, including development funds and production financing. Eligibility requirements include having a project that meets Creative Scotland’s criteria and that has a viable distribution plan. Other regional bodies may also offer grants for film production. These can be found by researching local councils or other organisations in your area. Tax reliefs such as the film tax relief are also available for film production.
This relief allows producers to claim back up to 25% of their qualifying expenditure as a cash rebate or as a tax credit. Eligibility requirements include having a project that meets the HMRC’s criteria and that has a viable distribution plan. Crowdfunding platforms are also available for film production. These platforms allow producers to raise funds from members of the public who are interested in supporting their project. Eligibility requirements vary depending on the platform, but generally include having a project that meets the platform’s criteria and that has a viable distribution plan.
Crowdfunding Platforms
Crowdfunding platforms can provide an alternative form of public funding for film production in the UK.These platforms allow filmmakers to raise funds from a large group of people, typically online. Popular crowdfunding sites in the UK include Kickstarter, IndieGoGo, and Crowdfunder. Eligibility requirements for crowdfunding platforms vary depending on the platform. Generally, projects must be creative and have a clear goal.
Filmmakers will need to provide an explanation of their project and how the funding will be used. They will also need to set a funding goal and a deadline. To apply for crowdfunding, filmmakers must create an account on the chosen platform and complete the required information. They must also set up a profile page with information about their project and provide rewards for donors.
Once the campaign is launched, filmmakers must promote it through social media and other channels.
Grants from BFI, Creative Scotland, and other regional bodies
The British Film Institute (BFI), Creative Scotland, and other regional bodies in the UK offer grants for film production. These grants are designed to support filmmakers and film-makers working in the UK, and help them to produce work of a professional standard. The types of grants available from the BFI include the BFI Film Fund, which provides financing for feature films and shorts. It also offers development funding for script development, production funding for pre-production and post-production, and other types of support.Creative Scotland offers a range of grants for filmmakers, including the Scottish Screen Production Fund, which supports the production of new films in Scotland. The Scottish Documentary Institute also provides funding for documentary films. Other regional bodies may also offer grants specific to their region. To be eligible for any of these grants, applicants must have an idea for a film that meets the criteria set out by the relevant body.
They must also demonstrate that they have the necessary skills and experience to make the film. They may also need to provide evidence of a successful track record in the industry. The application process for each grant varies depending on the body offering it. Generally, applications will require a proposal outlining the concept and budget for the film, as well as a CV or other evidence of experience. Applicants will usually also need to provide references from previous employers or industry contacts. It is important to research each grant thoroughly and to apply as early as possible to have the best chance of success.
It is also essential to ensure that all documentation is accurate and up-to-date.
Tax Reliefs such as Film Tax Relief
The UK offers a number of tax reliefs for film production, which can be invaluable for filmmakers looking to make their projects a reality. These tax reliefs include Film Tax Relief (FTR), High-end Television Tax Relief (HTR) and Video Games Tax Relief (VGTR).Film Tax Relief (FTR)
Film Tax Relief is available for all qualifying British films. To qualify, the film must have a minimum UK spend of 10% of its total production budget. It must also meet certain cultural tests, which are designed to ensure the project is culturally British. The amount of FTR available depends on the amount of UK expenditure on the film and how much of the film is deemed to be ‘culturally British’.The maximum amount of FTR available is 25% of the total production costs.
High-end Television Tax Relief (HTR)
High-end Television Tax Relief is available for qualifying high-end TV programmes made in the UK. To qualify, the programme must have a minimum UK expenditure of 10% of the total production costs. It must also meet certain cultural tests. The amount of HTR available depends on the amount of UK expenditure on the programme and how much of it is deemed to be ‘culturally British’. The maximum amount of HTR available is 25% of the total production costs.Video Games Tax Relief (VGTR)
Video Games Tax Relief is available for qualifying video games made in the UK.To qualify, the video game must have a minimum UK expenditure of 10% of the total production costs. It must also meet certain cultural tests. The amount of VGTR available depends on the amount of UK expenditure on the video game and how much of it is deemed to be ‘culturally British’. The maximum amount of VGTR available is 25% of the total production costs.
Eligibility Requirements
In order to qualify for any of these tax reliefs, applicants must meet certain eligibility criteria. This includes having a minimum UK expenditure, meeting certain cultural tests, and completing a detailed application form.How to Apply
In order to apply for any of these tax reliefs, applicants must submit an application form to HMRC.The application form should include detailed information about the project, including budget, script, cast and crew details, and evidence that it meets the cultural tests. HMRC will assess each application and decide whether or not it qualifies for tax relief. If it does qualify, HMRC will issue a letter confirming this and outlining the amount of relief that will be available. This article has outlined the different types of public funding available for film production in the UK, their respective eligibility requirements, and how to apply for them. It is important to do thorough research into which type of funding is best suited to your project in order to get the best results. Grants from the BFI, Creative Scotland, and other regional bodies, as well as tax reliefs such as Film Tax Relief and crowdfunding platforms, are all viable sources of public funding for film production in the UK.
By taking the time to understand the different types of public funding available, the eligibility requirements for each type, and how to apply for them, filmmakers can ensure they are equipped to make the most of the public funding opportunities available in the UK.
