Welsh Move Banner Agrees £5 Million Financing Package

The British film industry is set to diversify as financier Gennaker has agreed to partner with Western Edge Pictures to build a film production and finance company, with offices in Swansea and London. Stealth Media comments.

Stealth Media is a film finance and Production Company that has facilitated effected solutions that have aided the development of films across the breadth of cinematic genres, thus contributing to the burgeoning British film sector.

Stealth Media comments that this lucrative deal should not only provide high returns to those involved in its conception, but it should act to bolster the growth of the entire national sector, in turn facilitating a broader scope for the film finance industry moving forward.

A £5 Million Deal

So what are the specifics for the deal in question? The Hollywood Reporter has announced that U.K based film Production Company Western Edge Pictures has partnered with finance experts Gennaker to facilitate the creation of a film production and finance firm based in both London and Swansea.

Specifically, Gennaker has agreed to invest a significant £5 million in Western Edge, which will be released gradually within a two year period. The finance banner has said that this is designed to facilitate a "bespoke approach to each film deal." On average, the finance banner should invest around (£200,000 - £500,000) per project.

Furthermore, Western Edge Pictures is also slated to receive a £88,500 investment from government endorsed Film Agency for Wales, in what has been labelled an effort to "boost the international growth of the business."

The International Expansion of the British Film Industry

This is a part of larger efforts by the UK government to promote the British film industry on an international scale by providing financial incentive to inspire film production companies to expand into global markets.

Specially, along with direct financial incentives, the UK government has provided a tax credit scheme designed to benefit film production firms that aid in the regeneration of the national film industry.

The Telegraph recently spoke to Damian TImmer at Mammoth Screen on the issue, and how it has benefited their latest project, Poldark. Timmer said that: “We’re filming Poldark entirely in the UK, and the tax credit means we can get more money on screen, and make a better show.”

At Stealth Media this significant deal only seeks to further illustrate the upward trajectory of the British film industry at this moment in time. It is a sector with enormous growth potential, and thus, the capability to provide significantly high returns for investors.