13/10/2003

The Northern Ireland Film & Television Commission (NIFTC) today launched two new development funds worth £1,750,000. They are the Company Development Fund and the Product Development Fund.

Jointly run by Invest NI, the Company Development Fund will provide NI independent producers £1.5m worth of financial support over a period of three years to help them consolidate and develop their activities.
The Product Development Fund, entailing a sum of £250,000 over three years, is designed to encourage the presentation of more fully developed programme proposals to networks or international broadcasters.
“We are very excited to be rolling out these two significant programmes for the independent production sector”, said the NIFTC’s Chief Executive, Richard Williams. “It is now up to the individual companies to maximise the potential value of these funds with bold and clearly focused project business plans”.
More information about these funds is available on the NIFTC website