Mind The Gap
Thursday 5th July 2012, 12:30pm - 1:30pm BST
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As commissioning broadcasters are usually only able to contribute a small share of the high budgets needed for animation production, producers need to be aware of every possible source of assistance for bridging the gap in their financing. Changes are afoot and this sessions aims to give a round up of some of these developments. The European Union’s MEDIA Programme currently gives support for development and production as well as a bank guarantee scheme for cash flowing pre-sales. Next year the MEDIA Programme will finish and it’s time to start looking forward to its successor: Creative Europe, merging Audiovisual with Culture, which will run from 2014 to 2020 with a budget of €1.8 billion (if approved). Meanwhile in the UK a new Seed EIS scheme for start ups launched in April to run alongside the existing Enterprise Initiative Scheme, which gives investors tax breaks for investing in producers directly or into funds which can be deployed across a number of productions. A new tax relief scheme for the animation industry was announced by the UK government in the March budget and a consultation document has just been published by the Treasury with some proposals and some questions on how this will work.