Finance Pre production

FINANCE

The public sector is places/ companies that are run by the government. It uses tax services for funding.The government decides what tax money should be spent on in the public sector. The public sector is therefore focussed on general purpose and providing service to citizens. Due to this service can often be poor and at a higher cost when public, compared to good service and lower cost in the private sector. Politics can have a huge impact on the public sector due to the fact that the government are the ones who decide what to do with the tax money.

The private sector is made up of businesses or corporations owned by people. Businesses compete with one another and will often put things on sale due to the fact that it needs to win competition for every dollar in order to stay open. This sector is mainly focussed on making a profit.

Funding bodies

The wellcome trust, as well as the ctbf are both charitable funding bodies who support uk filmmaking. The national lottery and BFI both also fund filmmaking in the Uk. Creative Scotland and Channel 4 are both publicly funded film production companies. Channel 4 is also commercially funded. The BFI and creative england  is responsible for feature length film production in the UK. Ifeatures helps low budget films be produced. Indiegogo and kickstarter are 2 of the most widely recognised crowdfunding pages.

The BFI is a film and charitable organisation which promotes and preserves filmmaking in the uk. The BFI’s 3 sources of income are public money, lottery funding and commercial activity. The BFI want to reflect the public in the films they support. They want to support actors, crews and filmmakers through this, using national lottery funding. The BFI’s 5 key priorities are ; talent development and progression, impact of the film on society, taking risks where the commercial sector cannot, different perspective, and being Uk wide films. The BFI Network  exists to support, develop and champion new filmmakers looking to kick-start their career. The BFI Network provides access to short film funding. Short films such as none of the above, close to the bone and ambition have all been funded by the BFI.

iFeatures is the UK’s leading development lab for debut feature filmmakers run by Creative England with support from BFI, BBC Films and ScreenSkills. iFeatures is targeted at emerging writers, directors and writer/directors from across the UK who have yet to make a funded feature film, and at producers who are still at an emerging stage of their career. In addition to receiving development funding, up to 12 selected teams take part in an intensive, exploratory 10-month programme which includes residential Lab events, dedicated support and access to industry and networks. Multi-award winning and acclaimed films developed through the lab have included iFeatures productions Apostasy, Lady Macbeth, The Levelling, and The Goob, as well as further films such as God’s Own Country, Adult Life Skills and Pin Cushion.

 Creative England is funded by both public and private investment. It has developed partnerships and collaborations with companies including Google and Facebook.

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Ingenious media is one of the largest independent investors in the UK’s creative sector.

They partner with companies and individuals in the film, television and live entertainment sectors to bring great ideas to life. They have invested over £8 billion into the creative sector. Ingenious have been involved in the creation of Life of Pi, Avatar and dawn of the planet of the apes among others.

Goldcrest Films is an independent British distribution, production, post production, and finance company. 

Goldcrest provides innovative financial solutions across the media sector, from independent producers to the major studios and has funded films ranging in budget from $3 million to $98 million.Notable credits include Twilight ($400 million worldwide box office), multiple Academy Award nominee Revolutionary Road ($76 million worldwide box office) and multiple Academy Award winner The Iron Lady ($114 million worldwide box office).

We need to talk about Kevin

The UK Film Council awarded £18,510 to the production from its development fund. 

Wuthering heights

Supported by arts council England.

Kill list

Funded between: Warp X, the UK Film Council, Film4 

‘71

Screen Yorkshire, Film4, the British Film Institute, Creative Scotland and Aver media

Lilting

Funded by Film London or BBC’s microwave scheme.

I Daniel Blake

Funded by the BFI and BBC.

American honey

Funded by Film 4

Lady Macbeth

Ifeatures as well as Creative England funded Lady Macbeth

Peterloo

Supported by the national lottery

In Fabric

Co-funded by the BFI, BBC films and head gear films

Funding loving vincent started through the online crowdfunder kickstarter.

Support from a public source could be the best way for a new or emerging filmmaker to get recognition. They could use crowdfunding sites such as kickstarter, in order to gain this funding. This is usually far more successful than private investors as public funding can come from a variety of different sources. Furthermore, this can also go over the target and can therefore increase the budget. More people will also find out about the film through publicity and word of mouth. Although they may not provide as big of a budget as private funding, it will gain them far more exposure and will lead the, on to better things to come.