ACT FILM INVESTMENT FUND

The ACT’s creative industries, including film, television and digital media productions, are set to benefit from a new three-year, $1.8 million fund that will provide finance for local productions with funding from the 2010–11 ACT Budget.

The new ACT Film Investment Fund will be managed by ScreenACT, a Government-funded organisation that supports the ACT’s creative industries and promotes the ACT and region as a location for filming and production.

The Fund will boost the capacity of ScreenACT to attract and retain business in the creative sector. Canberra has a growing digital media, film and TV production industry, with significant potential for further development. Canberra’s creative industries already account for 9 per cent of all jobs in the ACT, compared to the national average of 5.3 per cent.

The Fund is expected to support up to six significant feature films and a number of smaller documentary, television and animation projects over three years.

This targeted investment will also allow local businesses to leverage the potential economic and tourism benefits that result from local productions.

The ACT Film Investment Fund will be open to applicants with confirmed finance partners or who can demonstrate a level of marketplace interest in their production.

Operational parameters, guidelines and applications process for the Fund will be developed over the next 2-3 months, in consultation with industry and other stakeholders.

To return to the full list of newsletter articles, click: here