Stockbroker Teather & Greenwood is seeking around £5m for its latest film partnership scheme.
T&G, which has helped fund UK films including I Capture the Castle and The Heart of Me, starring Helena Bonham Carter and Paul Bettany, has already raised half of the £10m needed to help fund further productions. It is seeking the other £5m through IFAs with high-net-worth clients as the minimum investment is £50,000.
The scheme, called Scene, offers investors £1.20 in outright tax relief for every £1 they invest and “reasonable” profit potential. The investment will be used to fund four or five films – the £10m raised is equivalent to £31m in film production terms. The films will aim to have broad international appeal, with a mix of established stars and new talent.
Promising films will be recommended to T&G by Baker Street Media Finance, which negotiates commercial terms, production costs and profit share. It has been involved in 17 feature films in the past three years, including Bloody Sunday, with James Nesbit; My Kingdom and the forthcoming The Night We Called It A Day, which stars Dennis Hopper and Melanie Griffith.
T&G director Martin Sherwood says: “These are big films and there are excellent tax advantages. Relief should be paid around July, it is a short cycle for investors.”