SAFC moves to grant model, removes cap for production funding
‘Cargo’, shot in SA.
The South Australian Film Corporation has unveiled a shift to its production funding program, moving to a 100 per cent grant model and removing the funding cap for drama production in both TV and features.
Grants are subject to project evaluation and are discretionary, with a key priority being spend in the state and the South Australian elements of the project.
The news follows SAFC’s announcement late last year that it would be introducing an uncapped, non-discretionary 10 per cent PDV rebate scheme that can be used in conjunction with the 30 per cent federal PDV offset. That change has already encouraged Technicolor to set up a studio in the state.
Acting SAFC CEO Adam Smith said: “South Australia boasts Australia’s most attractive PDV rebate scheme, and we believe these significant changes to Production Funding means South Australia now also offers the simplest and most attractive grant available for production in Australia. More than ever our mission is to grow the industry here and this simplified funding model will make it easier to generate and attract production.”
The new production funding guidelines are effective for all agreements issued since Jan 1.