Public funding org the U.K. Film Council has tapped current development fund topper Tanya Seghatchian as the head of its new, unified film fund.
Seghatchian, widely respected in Brit film circles, will take immediate charge of the single $23.4 million fund (£15 million), which will be responsible for all the org’s development and production activities.
“Tanya is hugely respected across the film sector and has a fantastic track record with creative talent, supporting filmmakers at all stages of their careers and developing exciting film projects, ranging from ‘Harry Potter’ and ‘My Summer of Love’ to the U.K. Film Council-backed ‘In the Loop’ and ‘Fish Tank,'” commented U.K. Film Council chairman Tim Bevan.
Seghatchian has been the U.K. Film Council’s head of development since 2007. Prior to that, she was the development exec responsible for bringing “Harry Potter” to producer David Heyman. On the other end of the commercial spectrum, she also forged strong relationships with auteurs, independently producing the likes of Pawel Pawlikowski’s “My Summer of Love.”
“I’m really looking forward to working closely with the film industry to establish an accessible and ambitious new fund which will protect investment in British talent and champion the importance of a dynamic film culture,” said Seghatchian.
The U.K. Film Council first announced it would be merging its development, New Cinema and Premiere funds into one entity in November last year as part of its top to bottom corporate review.
The new fund will have an emphasis on first- and second-time filmmakers, although established British helmers would remain welcome to apply for coin.
Brit producers will also receive an equity position in all U.K. Film Council-funded pics for the first time. That move has been designed deliberately to allow producers — traditionally bottom of the film financing structure — to profit from a film’s success.
The U.K. Film Council is currently consulting on the exact activities of the new film fund, with the minimum figure of £15m a year set to topped-up further with recoupment from successful film investments.