The British Film Institute has laid out a raft of financial measures to support an industry in flux amid the coronavirus pandemic, including $5.7 million aimed at exhibitors, freelancers and producers. More details:
The British Film Institute on Thursday unveiled an array of financial measures aimed at assisting an industry ravaged by the coronavirus pandemic, including a £4.6 package for exhibitors, freelancers and producers.
"We are part of a community of innovative and talented creatives working across the entire value chain," he said. "We are committed to supporting the individuals, organizations and businesses who have been most impacted by COVID-19, and we have developed a program of support, which sits alongside the Government’s extensive fiscal package."
Another £1.3 million has been set aside for the BFI Fan COVID-19 Resilience Fund, offering critical relief to exhibitors across the U.K. Meanwhile, £800,000 has been made available for BFI-funded features that were interrupted due to the COVID-19 restrictions to ensure those employed were paid two weeks' notice.
Alongside these financial packages, the BFI has also adjusted the criteria of its £2.5 million development fund, offering greater flexibility in the scheduling of payments and frontloading fees.
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