- Up to 65% of the budget as direct equity investment
- No upper or lower limits
- Full assistance with financial structuring of budgets
Additionally, film and television projects will be able to apply for production credits (replacing transferable tax credits) where the project is being funded wholly or in part by a recognised broadcaster.
Production credits come in the form of a grant offering:
- Up to £350,000 per production
Emphasis will be given to equity investment where productions are not wholly broadcaster financed. However, it is possible to combine Equity Investment with production credits to create the optimum financial structure.
To qualify for investment your project should:
- Be able to be filmed wholly or in part on the Isle of Man
- Be capable of spending at least the equivalent of 20% of the below the line budget with local service providers
- Be otherwise fully financed
- Have a sales agent and/or a distributor attached
- Have a completion bond in place
In all cases, emphasis will be placed on the commercial aspects of the project. The sales and distribution aspects of your application will be considered as a vital element in the decision making process.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
To receive further information about the Isle of Man Film Commission and the incentives available please contact Julia Cregeen at this office.
Deloitte & Touche PO Box 250 Grosvenor House 66-67 Athol Street Douglas Isle of Man IM99 IXJ Tel: +44 (0) 1624 672332 Fax: +44 (0) 1624 672334 Web: Click Contact Link
