The BBC has announced a new package of support for small and emerging indies with turnovers of less than £10m per annum including a ring-fenced £1m development pot.
The initiatives will have a “strong focus” on diverse and out of London producers.
The corporation says the measures are aimed at sustaining “plurality of supply” and “innovation in all its forms.”
Charlotte Moore, Director of Content said: "We’ve listened to the sector and understand the pressures small indies face in this fast changing global landscape. Small indies are a vital part of the UK’s creative industry and crucially deliver content that speaks to British audiences. We recognise how valuable they are to the ecology and this additional support will enable them to compete more effectively."
The ring fenced £1m Small Indie Fund will be aimed at “small indies who can deliver to our strategy” with “support packages to help them grow.” Some indies will be fast tracked through the scheme with a commissioning mentor, development deal, and targeted commissioning opportunities. Commissioners responsible for out of London will have priority access to this funding to “stimulate and strengthen ideas and new talent across the UK, forging closer creative relationships. Production companies with diverse leadership will also be prioritised for support.”
Other bespoke deal arrangements could include tailored cash flow terms, shared risk arrangements to support the uncertainties on more unpredictable productions and help to secure 3rd party investment, if required.
There will also be events to build stronger connections between emerging small companies and the BBC, including an event to introduce new companies to commissioning teams as well as smaller gatherings to discuss specific issues.
These measures will apply to indies with a turnover of less than £10m per annum, and awarded on the strength of their creative potential, with the Small Indie Fund investment targeted towards new and the smallest companies, including a special focus on diverse, out of London, and qualifying independent producers.
Producers should speak to their network Commissioning and Business contacts to get involved.
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