The UK government has announced a new Global Screen Fund which will partially replace Creative Europe’s MEDIA funding which will stop when Brexit takes place at the end of December.
The Fund will have an initial pot of £7 million, which is less than the £11 million the UK received from the MEDIA funding scheme in 2018.
Earlier this year, the British Film Institute had called on the government to invest £17 million into the Global Screen Fund in order to support all parts of the independent film value chain and accelerate export growth in key territories.
The BFI’s CEO Ben Roberts said the £7 million for the pilot Global Screen Fund “is a positive result for the independent screen sector in what we appreciate is a challenging fiscal climate.
“Given the significant contribution of film, TV and video games to the UK economy and our position in the global market, we welcome this new funding which will enable the industry to further grow international partnerships, build on export opportunities and increase our return on investment.”
Caroline Norbury, CEO of the Creative Industries Federation added, “Confirmation of a Global Screen Fund to replace Creative Europe MEDIA is welcome news, but urgent clarity is needed on what will replace Creative Europe Culture and other EU-funded programmes.”