Magazine article Screen International

Goldfinch Launches Debt Financing Outfit to Invest in Film, TV and Gaming

Magazine article Screen International

Goldfinch Launches Debt Financing Outfit to Invest in Film, TV and Gaming

Article excerpt

London-based film financing outfit Goldfinch Entertainment is launching Bird Box Finance (BBF), a debt financing company that will target the UK's film, television, animation and gaming industries.

Bird Box will aim to loan £15-20m in its first six months of operation, backed by a London-based bank and private investors.

The company will provide gap and super-gap loans for productions looking to raise the final 5-20% of budgets. It will also provide short-term loans collateralised by the UK's film tax credit or discountable distribution contracts and pre-sales.

BBF will also lend against other UK Creative Industry Tax Credits (TV, animation, games), and other tax credits in similar markets, such as the US, Canada, Australia, and New Zealand.

The new outfit will be looking to hire at least two new people in the next six months as it ramps up activity. It will be headed up by Kirsty Bell, founder & MD of Goldfinch Entertainment, which focuses on raising EIS and SEIS finance.

Over the last three years, Goldfinch has raised more than £75m to finance more than 130 projects in the creative industries. …

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