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Co-Production Fund

Co-Production Fund

The Government of Malta has recently allocated a €1 million budget for film co-productions. The main purpose of the fund is to encourage collaboration between Maltese and foreign companies to produce films and TV series for international distribution.  

 

Malta Co-Production Fund

The main purpose of this fund is to encourage collaboration between Maltese and foreign companies to produce Feature film, Television film or Television Series or Mini-Series, Animation, Creative documentary, Transmedia and cross-media productions intended primarily for cinema release/broadcast and suitable for international distribution . The fund aims to grow and further develop the Maltese film Industry. It will also be a boost for the country’s economy, since qualifying projects have to be filmed primarily in Malta and make use of Maltese talent. The purpose of supporting co-productions is to strengthen partnerships between Maltese and international producers and to develop skills in the Maltese film industry. The fund will also allow partner countries to share the risk and cost of screen production. Co-production arrangements offer both cultural and economic benefits to partner countries. Co-productions have the ability to engage new international audiences and enhance existing relationships between partner countries. Productions that have been approved as official co-productions are treated as ‘national’ productions in each partner country.

The total budget available under the Malta Co Production Fund is €1 million per annum. The amount of the financial contribution to be awarded will be determined within the limits of the available budgetary resources and with regards to the cost and nature of each proposed action.

Funding levels through the Malta Co-Production Fund will not normally exceed:            
Loan Guarantee: €200,000 (which will also take into consideration any prior de minimis grants in last 3 years).
Equity Finance: €350,000

Funding can be made available for the following schemes:

Loan Guarantee To help build the film-financing infrastructure whereby local banks can provide loan facilities for film productions to allow local producers to contribute to their co-financing share of the finance needed to make the film and/or to provide economic support to cover expenditure for the production in Malta. The Malta Co-Production Fund will act as a loan guarantor and will provide the lending bank with a maximum amount of €200,000 to be utilised as a guarantee against the loan to be taken up by the beneficiary. The loan under guarantee is to be used wholly and exclusively for the film under guarantee. Once the loan is repaid by the beneficiary, this is returned back to the Malta Co-Production Fund. This scheme will be subject to deminimis regulation. 

Equity Finance Equity financing will allow producers to contribute to their co-financing share of the finance needed to make the film and/or to provide economic support to cover expenditure for the production in Malta. Local co-producers are expected to make an effective technical and creative (film-making) contribution in proportion to their financial contribution (this does not apply for ‘finance only’ contributions). Each co-production agreement sets a minimum and maximum financial contribution, and the country of the co-producer(s) making the largest financial contribution is deemed to be the majority country for that film. This scheme is compliant with Commission Regulation (EU) No 651/2014 of 17th June 2014 (Article 54 – Aid Schemes for Audiovisual Works). 

Malta Co Production – Loan Guarantee Guidelines 2015-2016 
Malta Co Production – Equity Finance Guidelines 2015-2016
Malta Co Production Application Form 
Malta Co Production Cultural Test
Malta Co Production DE MINIMIS STATE AID DECLARATION Form

Applications should be addressed as follows:

Malta Co Production Fund Application,
Malta Film Finance Ltd c/o MIMCOL Clock Tower,
Level 1 Tigne Point,
Sliema, TPO1

For further queries send email to susan.ronald@mfc.com.mt


Malta Co-Production Fund

Malta has been a member of the European Convention on Cinematographic Co-production since September 2001. The aims of this Convention are to promote the development of European multilateral cinematographic co-production, to safeguard creation and freedom of expression and defend the cultural diversity of the various European countries. In order to obtain co-production status, the work must involve at least three co-producers, established in three different Parties to the Convention. The participation of one or more co-producers who are not established in such Parties is possible, provided that their total contribution does not exceed 30% of the total cost of the production. The co-produced work must also meet the definition of a European cinematographic work set forth in Appendix II to the Convention. Once these conditions have been fulfilled, the Convention assimilates all co-productions, which have been given the prior approval of the competent authorities of the Parties, with national films; i.e. they are entitled to the benefits granted to the latter. The Convention also covers the following: the minimum and maximum proportions of contributions from each co-producer; the right of each co-producer to co-ownership of the original, the picture and the sound; the general balance of investments and compulsory artistic and technical participation; the measures to be taken by the Parties to facilitate the production and export of the cinematographic work and the right of each Party to demand a final version of the cinematographic work in one of the languages of that Party.

There are currently 35 states member to this Convention. Malta also has a bi-lateral co-production treaty with Canada and China. 

In order to apply for a provisional co-production status with a Maltese co-producing partner, the European Convention on Cinematographic Co-production Application Form must be filled out and returned to the Malta Film Commission at least two months prior to the commencement of the project. A copy of the application can be obtained by sending an email on info@maltafilmcommission.com