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A European Union investment of £1.22m is to boost a three year project to create over 200 jobs and 18 new businesses in the creative media sector.
Northern Film & Media (NFM) has secured the additional finance through the European Regional Development Fund 2007-13 to extend the range of its business support activities for commercial creative enterprises over the next three years.
The latest investment is part of an overall £3m initiative currently focusing on five core sector themes: sector capacity building, innovation and business growth, social media, market development and NFM’s North East Production Service.
Using a mixture of funding streams, Northern Film & Media will take a lead role in the building of successful commercial creative industries in the North East, investing in talent, in people and in their ideas.
NFM offers support in a number of ways with direct funding of projects, a commitment to professional and non professional training, and by arranging a wide range of schemes and services, workshops, seminars, screenings and networking events.
The project will offer support for SMEs to engage in new markets by opening up more digital distribution across the web, mobile, games and interactive media industries. It will also enable them to take advantage of associated national funding streams such as Channel 4’s 4IP fund.
“Our aim is to be the catalyst for a series of innovative, commercially successful ventures in the creative media sector through both new and established SMEs in the region,” explained Tom Harvey, Chief Executive of Northern Film & Media.
“The region currently lacks major commissioners, purchasers, market proximity and expertise. We must help build companies’ skills, contacts, clients, expertise and networks so that they can engage with and exploit the global digital market.”
Mentoring with relevant national industry experts and attendance at overseas film festivals will help regional companies test out innovative approaches and ideas with new contacts, as well as tapping into commercial media markets and production funding opportunities.
He added: “Our core activities will facilitate innovation, business growth and collaboration in the commercial creative sector, connect clients to local, national and international markets, and increase inward investment opportunities for the region.”
The established Location and Production Service and Filming Friendly Strategy aim to make filming in the North East easy and accessible, especially for location managers in their dealings with local authorities. Services offered include access to NFM’s photographic locations database and region wide crew list to identify potential filming locations and local support staff.
The £1.22m part financing from the European Union’s ERDF Competitiveness Programme 2007-13 was secured through regional development agency One North East. The agency has already contributed £1.84m to NFM from its Single Programme.
“Northern Film & Media is boosting creative and technical talent and nurturing the growth of the region’s media sector,” said One North East head of business investment Dr Simon Goon.
“The additional investment from Europe will build and sustain successful creative and digital businesses, allowing them to exploit new technology and compete in national and global markets. We want our region to become a focal point for the production of creative content, as well as a world class and cost effective place to shoot both film and television.”
NFM’s new office premises at Hoults Yard in Newcastle is developing into a fast growing hub for creative industries in the region. On-site technical facilities for SMEs are to include 122m2 of space for ISDN-based video conferencing, flexible meeting and networking spaces and dedicated screening facilities.
The ERDF 2007-13 programme is bringing over £300m into North East England to support innovation, enterprise and business support. It will help create and safeguard 28,000 new jobs, start 3,000 new businesses and increase the region’s productivity by £1.1bn per annum.
Northern Film & Media works to ensure that content is created and production is enabled in the North East to the benefit of regional talent and the regional economy. It works closely with key agencies in the region including Business & Enterprise North East, Skillset, Codeworks Connect & GameHorizon, DigitalCity, UK Film Council and Generator.
The project delivers Business Collaboration Networks and Business Expertise for Growth and is funded as part of Solutions for Business, the Government’s package of publicly funded business support designed to help companies start and grow.
For further information about the project, call Northern Film & Media on 0191 275 5940.
For information on the wide package of support available to regional companies, call Business Link on 0845 600 9006 or visit www.businesslink.gov.uk/northeast
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