Finstock launches bridging product secured against UK film tax credits

Finstock Capital has launched a bridging product to enable film producers to get early access to their UK film tax credits.

The product will use the producer’s UK film tax credits as security for the loan.

Finstock has expanded into film tax credits for the same reason that it started offering research and development (R&D) bridging loans.

With regards to R&D, Finstock believed that there was a niche at the lower end of the market, where traditional banks were too slow and their overheads too great to be able to service smaller firms effectively.

Finstock claimed that historically, films with a budget of £1m would be unable to access this type of finance on reasonable terms.

Oliver Jenkinson, co-founder of Finstock Capital (pictured above), said that following the success of its R&D credit finance product, it was approached to assess the merits of a film tax opportunity.

“Both the accountant and client were extremely efficient at providing the necessary documentation and we managed to turn around the loan in a couple of weeks. 

“We are excited to enter this space and believe there is a real opportunity to support productions at the lower end of the market where capital is harder to access.

“Finstock Capital continues to support the R&D tax credit market with recent enquiries ranging from £50,000 to £1m-plus. 

“We continue to believe that our focus on niche sectors where there is a funding gap means that we can support the SME market at times when traditional lenders are unable to.”

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