Creative England has relaunched their regional investment fund for TV series and feature films produced in the West Midlands.
The West Midlands Production Fund (WMPF), which is worth £2.5m, is designed to support the development of the region as a sustainable TV and film drama hub by providing access to finance for established production companies and start-ups working in production.
The fund can be used to serve a number of functions, including to provide match equity in productions already up and running or as gap funding to finance debt. Productions can apply for between £100,000 and £1m.
Solomon Nwabueze, Creative England’s Chief Content Officer who oversees the WMPF said that the fund will have a “focus on high-end television in particular.” He told C21 Media that “Focusing just on features, especially in this climate, is a bit dysfunctional when you look at the market as a whole and you see what’s happening. It makes sense we are supporting the talent where the talent is going.”
The fund was originally set up with an investment of £4m from the UK government and has been used to help finance a range of projects including feature films Jawbone, The Girl With All The Gifts and Spooks: The Greater Good.
Production companies interested in finding out more about the fund and how to apply should contact Creative England.