The UK’s nine regional screen agencies are being forced to drastically rethink their funding models as they come under threat from public spending cuts.

The organisations, which operate distinctly on behalf of the television, film, games and new media industries, currently receive up to 40% of their funding from Regional Development Agencies.
In this week’s Budget, the government confirmed plans to replace the RDAs with local enterprise partnerships. Privately, screen agency chief execs have expressed concerns about the changes and, anticipating cuts, are taking action to diversify their funding streams.

John Newbigin, chair of Screen England – the umbrella organisation for the agencies – said they are looking to make money from selling services to firms in the creative industries, as well as acting as brokers for funding initiatives.

Northern Film & Media (NF&M), for example, has launched a £2.4m creative fund with Newcastle venture capital firm NorthStar Equity Investors. The cash pot was opened to productions in all TV genres, film and online gaming earlier this year.

“All the screen agencies are diversifying their funding and becoming more entrepreneurial – we recognise that all public funding is going to be under pressure,” Newbigin said.
“We regret any reduction of public support, especially as the regions provide great talent and stories that drive England’s hugely successful screen industries.”
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