The legendary film studio just outside London – Pinewood Shepperton – is to provide facilities and co-investment to support smaller budget British films, targeting those with production budgets of around £2m. It will invest equity of up to 20% per film.
Pinewood will also benefit from these films using latent studio capacity at its sites and the expected take-up of ancillary services at the studios.
It is anticipated that Pinewood will invest in four productions annually, which will be selected by industry partners on behalf of the company.
This move by Pinewood is consistent with the Government’s stated aim to create a sustainable long term British film industry.