Sources of Film Financing within the U.K.

The first 200 words of this essay...

Sources of Film Financing within the U.K.

Lottery

In 1998, the National Lottery Act was released. It required each Lottery distributor to produce a strategic plan which sets out the policies that the distributor would pursue through the release of Lottery funds. The Act specifies that each strategic plan should also contain:

a) An account of the policy directions given to the distributor by the Secretary of State for Culture, Media and Sport

b) A statement of the estimate of the likely amount of funds available to the distributor

c) A statement of the distributor's assessment of the needs that it has the power to deal with

d) A report of the distributor's priorities in meeting those needs.

These statements will be looked at later in this section but first it must look at the primary source of funding for film-makers in the U.K. - the Film Council.

The Role of the Film Council

The Film Council was created by the Government to act as the lead body for film, with the purpose of providing strategic leadership for the whole film sector, creating rational strategies for addressing failures within the market