Phil Taylor and Nic Penrake talk about SEIS for UK Film Funding
In the UK, you have two tried and tested routes you can go down for raising finance for a feature film: SEIS (Seed Enterprise Investment Scheme) and EIS (Enterprise Investment Scheme). The main difference between the two is that SEIS is aimed at lower budget projects, while EIS is aimed at larger budget in excess of £150,000.
While the SEIS offers investors 50% tax relief on their investment, EIS offers 30%. So, let’s say you had a rich uncle and he offered to invest £10,000 in your film. By going through the SEIS he would get 50% tax relief on his investment. So instead of letting you have 10K he could in effect be putting in 20K without doubling his risk.
But how do you get this wonderful 50% tax relief for your investors and your film? That’s what producer Phil Taylor and I discuss in the video you can watch here. Take a look if you’re in the dark, or even if you’ve begun to look into SEIS and feel uncertain how to proceed. It’s 11 minutes long and pretty much to the point.
And if you have a well developed feature film screenplay that looks like it might come within the SEIS budget limit of £150,000, or if you have a bigger budget film with an outstanding requirement for development financing (script, attaching key cast, etc.), and you would like to explore what we can do for you in that regard, please write to Phil Taylor at firstname.lastname@example.org and Nic Penrake at email@example.com under these key headings:
INTRODUCTION TO ENTERPRISE INVESTMENT SCHEMES