BFI Chiefs Address Cuts in Investment in New 10-Year Plan: ‘Our Reliance on Commercial Income Is Only Going to Rise’
variety.comNaman Ramachandran As the U.K. continues to experience a tremendous boom in film and high-end TV production, which is a vital contributor to the otherwise battered U.K.
economy, the British Film Institute (BFI) is at the heart of sustaining that growth. With its new 10-year plan, its bosses hope to set up the 89-year-old org for success as best they can, but are contending with a cut in investment.
On Friday, the BFI unveiled an ambitious 10-year screen culture strategy and a plan to fund the period’s first three years. The previous five-year funding plan, which covered the 2017-2022 period, boasted an investment of almost £500 million made up of government grant-in-aid, BFI earned income and national lottery funding.
The new plan sees an injection of just £136.3 million, a cut in real terms. “We do have a complex funding model – we are a charity, an arm’s length body, we’re a national lottery distributor.
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