INTRODUCTION

Investment in film in the UK has been dominated in recent years by the successful introduction of the popular Tax Funds and the attraction of income tax relief. However, over the last couple of years, uncertainty has haunted investor and industry alike.

In this year's Finance Act, the Chancellor of the Exchequer finally provided the lead that heralds a new dawn for public participation in the UK Film Industry.

SPEIS is a qualifying Enterprise Investment Scheme (EIS) film production company.

SPEIS will limit its exposure to no more than 30% of a film's budget, with recoupment in priority position from worldwide sales.

SPEIS generates a portfolio effect across a range of films and genres.

SPEIS has received provisional clearance from HMRC as a qualifying EIS company.