TheSardinian Film Fund will have an annual budget of $2.4m-$3.6m (Euros 2-3m) tobe invested in development, production and promotion.
Eligibleprojects will be required to spend 120% of the funds they received on theisland. For example, if a film received $100,000 from the fund, it would haveto spend $120,000 of its total budget on the island.
"TheSardinian support is not structured as a loan, since the fund will be a equity partner in each project it backs,' saysFederico Demontis, who has been working with
Thenorthern Italian region of Friuli VeneziaGiulia already operates a film fund, but
Demontis says that like other European regional filmfunds, the Sardinian Film Fund will provide an alternative source of economicdevelopment for the region.
Butit will also provide a much-needed resource for local filmmakers and producers-- and
'Thenumber of scripts has been growing and Eurimages and MEDIAPlus haven't been sufficient until now to cover all funding needs. Plus, statefunds either don't work well or are insufficient,' Demontissays about the need for a new source of funding.
TheSardinian regional government will debate the film law in June and the fund isexpected to be in place by the end of 2006.
Filmsthat recently shot in
Demontis said a
Inaddition to the film fund, the Sardinian film law also sets out guidelines fora film training programme to be set up in collaboration with the Sardinianuniversities of