On Friday, the NZFC published changes to its guidelines for Early Development Funding (EDF). These come in the wake of devolving some development funding and were flagged by CEO Dave Gibson during his presentations to industry earlier this year.
The detail of the guidelines forms part of an ongoing roll-out of new or revised information and criteria following from those presentations and discussions with indistry.
Some of it is taking a little longer than initially envisioned, in part due to the amount of energy that’s been devoted to the changes around the NZ Screen Production Grant, which replaced the LBSPG and SPIF on 1 April.
But, that’s no bad thing. There’s time to digest and understand the changes being made before the next round is announced.
Prior to Gibson’s presentations to industry, the Seed Development Fund was already being excised from EDF documentation. In the latest edition of the EDF guidelines it’s gone completely and is now administered by the capable hands of the NZWG.
The EDF is now a more flexible path forward, reflecting the core message of Gibson’s address. Like most other changes announced or flagged, they’re being implemented with the intention of getting the best ideas made into films, to seek out and support the material “with the most potential to become great films”.
The EDF offers funding in tranches up to a $50,000 ceiling. The application process varies depending on the applicant’s track record. An established writer, for example, can apply without a producer for a first tranch.