In 2018, the BFI Commission on UK Independent Film published its report examining the current health of the UK independent screen industries. The Commission recommended that an EIS fund should be established to encourage a new wave of investors bringing greater private investment into the UK screen industries in order to grow dynamic and ambitious UK production companies with the potential to be more competitive in the market. The fund would be associated with, but independent of, the BFI.
The BFI conducted an open call process to select a fund manager to structure and establish this new EIS fund aligned to the Government’s new robust legislation. In December 2018, the BFI selected Calculus Capital to be the manager of the new EIS fund, with Stargrove Pictures to act as strategic adviser to the fund bringing the necessary industry knowledge, connections and expertise.
The Fund will operate to the new model and spirit of EIS as set out by Government through HMT and HMRC. In association with Calculus/Stargrove, the BFI supports the launch and ambitions of the Fund in adopting a new approach for investment in the UK creative industries aligned to the Government’s objectives for EIS. The BFI will not have a financial interest in or any involvement in managing the Fund or its recipients for investment.
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