Naman Ramachandran The U.K’s Department for Digital, Culture, Media and Sport (DCMS) and the British Film Institute (BFI) have formally launched an export booster fund to replace the European tap that ran dry with Brexit.Grants disbursed from Creative Europe’s MEDIA program were worth an average of €18.5 million ($22.2 million) a year to the cultural and audiovisual sectors in the U.K.
and ceased once Brexit came into effect.The new U.K. Global Screen Fund, announced by U.K. Chancellor of the Exchequer Rishi Sunak last year, is worth £7 million ($9.7 million).Financed by DCMS and administered by the BFI, the one-year pilot fund will will target support across the independent screen sector including film, TV, animation, documentary and.
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