Creative Media Investments (CMI) has launched an EIS production fund, branded as the Silver Lining Screen Fund, designed to help support mid-range budget film and TV productions.
Working with Portunus Investment Solutions, the fund aims to raise GBP10 million over the next year, and provides a high level of capital protection whilst offering attractive returns for investors.
Launched to provide a viable investment alternative for investors to market competitors in the media sector, the fund also taps into the growing demand of film and TV content worldwide.
The fund provides a significant degree of capital protection (75 per cent before tax relief; 105 per cent including tax relief) as well as attractive returns for investors. In 2016 alone, the film and TV industry generated GBP6 billion of revenue for the UK and this number continues to grow with a significant increase in demand for new content.
CMI’s team has 30 years of film production experience, with all films produced within budget.
Steve Hodges, director of Creative Media Investments, says: “Film and media is one of the most popular EIS sectors. We believe the Silver Lining Screen Fund is a refreshing addition to the scene, applying a commercial approach to funding profitable projects. The fund aims to cater for the growing demand for film and TV and combines our team’s unique background in corporate finance, entertainment law, and hands on production experience to provide attractive returns for investors.”
In order to receive tax relief from the fund in the current or previous tax year, investments need to be made by 31 March 2017, with a minimum investment of GBP10,000. For every GBP1 invested, 75p to 85p is typically supported by contractual revenues and film production tax credits, with cash on cash returns of 105 per cent to 135 per cent expected although not guaranteed.