U.K. Creates Global Screen Fund to Replace Creative Europe Media Funding After Brexit

U.K. Creates Global Screen Fund to Replace Creative Europe Media Funding After Brexit
The U.K. government has set up a pilot Global Screen Fund of £7 million ($9.3 million) to partially replace funds disbursed from Creative Europe’s Media program, which will cease once Brexit comes into effect at the end of the year.

U.K. Chancellor of the Exchequer Rishi Sunak announced the fund on Wednesday as part of a government spending review.

Since its launch in 2014 up until 2018, Creative Europe has awarded €89.5 million ($106.5 million) to 376 U.K.-based cultural and creative organizations and audiovisual companies, and helped distribute 190 U.K. films in other European countries.

However, as Creative Europe says, the benefits far exceed the monetary grant funding and the org’s report on its impact in the U.K. illustrates the program’s effect on building international networks, growing audiences and generating jobs and skills.

In June, via written evidence presented to the U.K. parliament, the British Film Institute (BFI
See full article at Variety - Film News »

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