Nova Scotia Film and Television Production Incentive Fund
Highlights
This program is designed especially for businesses engaged in creating screen-based content in Nova Scotia. By applying, you have the chance to access financial support that can significantly boost your project's budget. With funding levels based on ownership and employment of local talent, you can enhance the quality of your productions and invest in vital resources like talent, equipment, and locations.
Here are some key reasons to consider applying:
- Financial Backing: Helps expand your project’s budget without sacrificing quality.
- Local Impact: Support local employment and contribute to the Nova Scotia economy.
Flexibility: Suitable for a variety of ownership structures, making it accessible to many businesses.
The process isn’t overly complicated, and meeting the basic criteria can lead to significant support for your endeavors. Investing in this opportunity can elevate your work and help you showcase the beauty of Nova Scotia through your productions.
Financing Details
Type of Financing
This program offers grants for eligible film and television production projects. These grants do not need to be repaid, making them a great opportunity for businesses in the screen-based content sector.
Repayment Terms and Interest Rates
There are no repayment terms or interest rates associated with these grants. This means you receive funding without the burden of future repayments, allowing you to focus on creating your content.
Eligible Expenses
Eligible expenses include a range of costs related to production, such as:
- Equipment rentals
- Crew salaries
- Location expenses in Nova Scotia
- Material costs for production
The fund cannot be used for personal expenses or anything unrelated to the production activities. Additionally, there are no application fees associated with this program, keeping the path to funding clear and cost-effective for you.
Qualifications
- Location: Business must be located in Nova Scotia.
- Minimum Nova Scotia Spend: Projects must have a spend of at least $25,000 in Nova Scotia before HST.
- Ownership Criteria:
- Stream I: Projects must have 50% to 100% Nova Scotian ownership and control.
- Stream II: Projects must have less than 50% Nova Scotian ownership.
- Employees: No minimum or maximum number of employees required.
- Company Revenue: No minimum or maximum revenue qualifications.
- Legal Structure: All legal structures are applicable.
- Profit Structure: All profit structures are applicable.
Disqualifications: None mentioned in the context provided.
Description
This fund provides financial support for businesses creating screen-based content in Nova Scotia. To qualify, your project must spend at least $25,000 in Nova Scotia and meet certain ownership criteria. There are two funding streams available, one for projects with 50% to 100% Nova Scotian ownership and a second for those with less than 50% ownership.
The amount of funding will vary based on factors such as ownership structure, the employment of Nova Scotians in key roles, and the duration and location of your shoot. This program is an excellent opportunity to receive financial backing while contributing to local employment and showcasing the beauty of Nova Scotia in your content.
Utilizing this fund can significantly enhance your project's budget, enabling you to invest in quality talent, equipment, and locations. This support can elevate your productions, helping you tell compelling stories while ensuring that a portion of the spending stays within the local economy.
Program Steps
Gather Information: Understand the specific ownership criteria and funding streams available for your project.
Prepare Your Project Details: Outline your screen-based content project, including budget estimates, location details, and timelines.
Prepare the Appropriate Documentation: You will need the following documents:
- A detailed project proposal
- Budget breakdown, including spending plans in Nova Scotia
- Proof of ownership structure
- Evidence of local hiring (if applicable)
- Relevant permits and licenses (if applicable)
Complete the Application Form: Fill out the application form provided on the program’s website, ensuring all sections are filled out accurately.
Submit Your Application: Send your completed application and all required documentation to the program’s designated submission channel.
Follow Up: After submission, check in periodically to confirm your application status or to provide additional information if requested.