ACT investment fund guidelines published
The Australian Capital Territory government has released the guidelines for its new ACT Screen Investment Fund, seeking comment until August 6.
The recently-approved fund for film, television and digital media will provide equity co-investment with the marketplace into eligible projects with commercial potential. Funds have been distributed, with $400,000 in 2010-11, $600,000 in 2011-12 and $800,000 in 2012-13.
Investment will be the last money in, with applicants required to have confirmed financial partners, markeptlace commitment or interest. Returns from the equity investment are to be reinvested in the fund.
The draft guidelines include the management structure; eligibility and selection criteria; guidelines for application and assessment; and monitoring and reporting.They can be downloaded from the ACT Government’s website.
A consultation session will be held at 11am on August 6 at the Griffin Centre (Genge St, Canberra). RSVP is required, chimwemwe.mpaso@act.gov.au or (02) 6207 5843.
