Equity Investment Program
The PictureNL Equity Investment Program is available for eligible screen industry companies which are majority owned by a resident of Newfoundland and Labrador. The program may provide up to 20% towards a production’s financial structure but normally the project’s local spend is a key criterion, among other factors, in determining an investment amount.
Offered by PictureNL
Amount
Up to 20% towards a production's financial structure (recoupable investment; project's local spend is a key criterion in determining the investment amount)
Quick eligibility check
Who can apply
Applicants must:
- Be incorporated Newfoundland and Labrador film and video production companies
- demonstrate that their primary focus is on the development, production, and distribution of film and video products, and
- At least 51% owned by a resident of Newfoundland and Labrador as
described for individuals.
a. For the purposes of these guidelines, a Newfoundland and Labrador Resident is
a person who has maintained a principle residence in Newfoundland and Labrador for at least 12 consecutive months immediately prior to the date of application
About the funding
The program may provide up to 20% towards a production’s financial structure but normally the project’s local spend is a key criterion, among other factors, in determining an investment amount. The schedule of payments will be based on the individual project needs and production schedule.
PictureNL’s investment is recoupable. The Equity Investment Program may be combined with the NL Film and Video Industry Tax Credit program in a production company’s financial structure.
Similar programs
| Program | Type | Amount | Status |
|---|---|---|---|
| Low Budget Production Program | Investment | Up to 33% towards an eligible project’s production financing | Open |
| National Creation Fund | Investment | Up to $2,000,000 a year in 9 to 11 projects | Open |
| BDC Growth & Transition Capital: Working Capital | Loan, Investment | Financing from $250,000 to $35M, repayable over 2 to 8 years | Open |
| Theatrical Documentary Program | Grant, Investment | Production Stage, Canadian budget less than $500,000: the lesser of 49% of eligible Canadian production costs or $175,000 | Closed between intakes |
