Investment in independent British film is set for a boost with the launch of
a hedge fund by Simon Fawcett, the former FD of
Aramid was formed with three other film finance experts, namely Tim Levy of
the UK’s future films, David Molner from Los Angeles firm Screen Capital and
Thomas Adamek from Stonehenge Capital.
Aramid plans to offer ‘bridge finance’ to UK producers. Under a new tax
scheme to promote film-making in Britain producers can gain tax credits
according to the portion of the film that is produced in the UK.
It does take time to receive the benefit in cash, however, which is where
Aramid intends to come in and provide finance to bridge the gap.
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