Film4 is developing a new project with The Men Who Stare At Goats writers Jon Ronson and Peter Straughan.
Frank, a fictional story of a musical genius and his 1980s band, will be directed by Lenny Abrahamson.
David Barron, who has served as a producer on the Harry Potter movies, and Stevie Lee of Runway Fridge Productions are on board as producers.
The film is currently at development stage with shooting scheduled for later in the year. The script appeared on the 2009 Brit List of industry recommended un-produced scripts.
Katherine Butler, senior commissioning executive, Film4, said: “We are passionate about this brilliantly original script and Lenny is the perfect collaborator to take us into the wild and wonderful world of Frank.”
Film4’s current slate of British feature films includes, Mark Romanek’s Never Let Me Go based on Ishiguro’s novel of the same name, Peter Mullan’s Neds and Kevin Macdonald’s Eagle Of The Ninth, all of which are in post production.