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31/10/2002

Park Caledonia create three new film funds

Glasgow-based independent financial services group, Park Caledonia, chose the British Independent Film Awards (Bifa) to launch three new film partnerships.
Park Caledonia, who sponsored this year's Bifa event, aim to invest in a slate of British films, worth a reported £100 million in combined budgets.
In common with most of the funds currently available to filmmakers and investors in an increasingly competitive market, the company's ambitious goal depends on raising financing from investors as well as securing enough films.
Park Caledonia's three funds include Mezzanine Film Finance, a sale and leaseback model with some equity, and Studiofinance Stagenine, a production partnership with a development fund.
The Raindance Raw Talent Programme, set up with the Raindance Film Festival, whose director Elliot Grove is founder of Bifa, is for films under £1 million.
(GB)
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