BFI launches third iteration of Vision Awards
by Naman Ramachandran
- £2.5 million funding is aimed at emerging British producers
The British Film Institute (BFI) has launched the third iteration of its Vision Awards, with a commitment of £2.5 million funding to support emerging producers. The awards will include an allowance to cover a producer’s fees and overheads of up to half of the award, which will also be non-recoupable, meaning that it will not need to be repaid to the BFI. This will be in addition to associated costs in seeding the development of feature film projects. Each award is capped at a maximum £50,000 per year for two years and a third year of funding might be awarded in exceptional cases.
The awards remit is for producers to seek out new and emerging writers and directors from across the UK; build their development slate; take creative risks in new areas; reach a wider, more diverse audience for their work; build or capitalise on pre-existing partnerships with more established companies and those with the necessary areas of expertise; improve their business skills and commercial expertise; and work on a plan to have an on-going and viable business after the end of the award term.
Ben Roberts, Director of the BFI Film Fund, said, “We know that the economic realities for most producers are as challenging as ever, and that developing relationships and material with new filmmakers takes time and tenacity. We also recognise that the number of producers working outside London is relatively small – and has its own challenges. Diversity also remains a serious issue - something we are very keen to address.”
Applications for the BFI Vision Awards 3 are now open and will close 29 April.