Thursday 26th November 2020
Deadline: UK Government Confirms $9.4M ‘Global Screen Fund’ To Partially Replace Creative Europe MEDIA Money Post-Brexit.
UK Chancellor Rishi Sunak today unveiled the parameters of the government’s Spending Review, including the creation of a new Global Screen Fund that is designed to partially plug the gap left by the absence of Creative Europe’s MEDIA funding post-Brexit.
The funding amount of £7M ($9.4M) for the program’s pilot year may come as a disappointment, however, as initial proposals from the British Film Institute (BFI), which will administer the fund for DCMS, called for a £17M ($22.8M) pot.
The UK received €12.2M (£10.9M / $14.5M) in MEDIA funding in 2018 and a total of €74m ($87m) from the wider Creative Europe program over the five year period 2014-2018.
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