Start-up tax financingscheme Prescience Film Finance has poached Sharon Menzies as head of businessaffairs from rival financier Baker Street Media.

Menzies, who takes up thepost next month, was head of business affairs at Baker Street, one of the mostestablished medium-sized players in UK tax financing circles. Before BakerStreet, she worked at sales and production company Portman Films.

"Sharon Menzies brings awealth of experience and will make a key contribution towards establishing along term business at a fascinating time in the sector," said Prescience'smanaging director, Tim Smith. "We're delighted she has decided to joinPrescience."

Prescience said it is almost30% of the way towards its target of raising £10m for the 2004/05 tax year. Thescheme has pre-agreements to co-produce projects with producers Jeremy Thomas,Andrew Eaton, Simon Channing Williams and Richard Holmes.

Prescience was set up lastyear by Smith and Paul Brett and launched its first film scheme - ForesightFilm - in February.