Coin to boost U.K. production companies

LONDON — The British Film Institute has launched its re-instated Vision Awards for 2013-2015, it was announced Thursday.

The scheme, heralded in last October’s five-year “Film Forever” plan, commits £2.5 million ($4 million) in support for up to 15 U.K. production companies.

The initiative offers producers with a proven track-record, and a strong vision for the future growth of their companies, up to $321,100 over two years to help them develop a slate of projects, and grow a strong sustainable business.

Recipients retain full creative and financial autonomy to use the award to build their slates and bolster their profile nationally and internationally.

“Development is the lifeblood of the U.K. film industry, but it’s risky and private money to support development is scarce. That’s why the BFI’s role as the U.K.’s biggest investor in film development is so vital,” said Ben Roberts, director of the BFI Film Fund, which allocates the awards. “The Vision Awards will be crucial in ensuring ambitious and talented U.K. producers have the freedom and resources they need to grow their businesses and develop high-quality, creatively-driven projects to help sow the seeds of future success for U.K. film.”

A maximum of 10 awards of $160,600 per year for two years will be given and up to five further awards of $80,300 per year for two years.

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