A Heartbeat Away has paid its loan
Screen Queensland has revealed the level of its investment in A Heartbeat Away – $425,000 comprising a production investment of $350,000 and a 12.5 percent State Labour Tax incentive of $75,000.
In addition, the $2.63m loan to cash flow the production, provided through the agency’s Revolving Film Finance Fund, “has already been repaid”, according to a spokesperson.
The $100,000 development investment provided to the project has also been repaid.
After the $7m Queensland-shot feature A Heartbeat Away failed at the box office last week, Encore contacted the agency for comment on its investment in the film.
“Screen Queensland carefully considers all requests for funding and thoroughly evaluates all investments made by the agency […] The commercial success of film and television projects encompasses a broad range of measures, including economic development and job creation. Screen Queensland takes all of these factors into consideration prior to investing and when evaluating the success of a project,” the spokesperson added. “This investment in A Heartbeat Away helped generate more than $10.4 million in economic activity and created 215 jobs for Queenslanders.”
