How to get your film funded using the EIS, SEIS and UK film
tax credit, podcast with Ivan Clements
One Day Workshop on June 1st
Where: Regents College, Regents Park
How Much: £99 (get £30 off with discount code TALENTCIRCLE)
Sign up here:
http://www.howtofundafilm.com/
Money. It’s the biggest problem any filmmaker faces. Great ideas are
worth diddly if you can’t shoot, edited and get your film out there – and to do
that, even at the most microbudget level – you will need cash. In this podcast
with producer Ivan Clements, we talk about
getting your film financed using the EIS
and SEIS, a kind of taster for our one day workshop in June. Play below.
If you think about your film as a pie, there are lots of sources of money
that could make up the various slices such as…
* Your own money.
* Freebies (money not spent).
* Money from friends and family.
* Money from crowdfunding.
* Registering for VAT (this will save you 20% of your spend).
* UK tax credit (again another 20% of your spend).
* Pre sales and minimum guarantees from sales agents (unlikely these days
but possible).
* Funding bodies like the BFI – possible, but you will probably
get stuck in endless hoop jumping and experience a loss of control over your
projects destiny.
* And of course, investors, who will make up the biggest part of the pie.
Investors are where SEIS and EIS come in – depending on your investors tax
position and the film tax credit, it’s possible to guarantee nearly 70% of an
investors money back. That’s crazy insane and makes investing in you and your
film so much more attractive. Say that out load, ‘I can guarantee a return of
nearly 70% of your investment… and who knows, my film could be the next
‘Paranormal Activity’, ‘Winters Bone’ etc’
Remember, there are two kinds of investors – first, there are those happy to
take a punt (like your friends and family) and second, those who want to look at
the bottom line and drill down into the detail of the deal and studying the
numbers (think Dragons Den). With EIS and SEIS, by reducing their exposure, you
start nudging those investors more toward the punt camp as their risk is hugely
reduced.
Ivan is running a one day workshop for us called ‘How
To Fund A Film‘, on June 1st where he will work through the 27 specific steps you will need to
follow to successfully run an EIS or SEIS company and guarantee a significant
return on your investors cash – the 27 steps are outlined here…
http://www.howtofundafilm.com/schedule/
The bottom line is this – the combination of EIS / SEIS, film tax credit and
a little crowd funding to bridge the gap could be all you need to get financed,
on set and 100% in control of your film and destiny this year.
It’s time to put away the begging cap and turn your film into a financeable
proposition that is irresistible to investors
More info on the workshop here…
http://www.howtofundafilm.com (get £30 off with discount code TALENTCIRCLE)