Exciting news for independent filmmakers! Arts Alliance, the parent company of London’s Garden Studios, has launched a dynamic co-production initiative to support indie films shooting at its central London facility. This move is set to give a significant boost to the independent film scene, offering both financial and creative support to bring compelling stories to life.
Through Arts Alliance Productions, the company will act as a co-producer on selected projects. The initiative targets films with budgets ranging from £5-10 million, providing a mix of equity investment and a cashflow facility to help finalize financing packages. The program kicks off with a £17 million revolving credit facility, with the potential to expand through future partnerships.
The goal? To back five to eight films annually, empowering filmmakers to realize their visions. This initiative aligns perfectly with the UK’s recent introduction of the Audio-Visual Expenditure Credit (AVEC) and the Independent Film Tax Credit (IFTC), which supports films with qualifying budgets under £15 million.
Thomas Hoegh, founder and CEO of Arts Alliance and Garden Studios, shared his enthusiasm: “We work very hard to be accessible to independent filmmakers, challenging them to embrace technology and to get more artistically out of budgets by delivering projects faster to create value for all. Our goal is to support producers with quality projects to deliver on their ambitions and thus evolve relationships and attract the very best future projects to shoot at Garden Studios.”
Since its inception in 2021, Garden Studios has grown rapidly. The facility recently expanded with four new sound stages, bringing its total to eight and covering 98,000 square feet. Notably, it’s the only central London sound stage offering a permanent virtual production stage, making it a unique hub for innovative filmmaking.
This co-production fund is a game-changer for indie filmmakers looking to bring their stories to the screen with the backing of a state-of-the-art facility and a forward-thinking partner. Stay tuned for more exciting developments from Garden Studios!
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