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.
In this workshop 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
In the podcast I refer to a blog I wrote about Funding v Financing – you can read it here… http://www.chrisjonesblog.com/2011/01/a-guide-to-film-finance-and-funding-in-2011-are-you-going-to-get-funded-or-financed.html
Onwards and upwards!