Some welcome news for British cinema today, as Film4 announced it is increasing its film financing budget by 20%.
Film4, the production and financing company owned by Channel 4, has a budget of £10 million for 2010, and films from the likes of Danny Boyle, Chris Morris and debut director Paddy Considine are all set to benefit.
Tessa Ross, the controller of both Film4 and Channel 4, said in a statement:
"Film has always been in the DNA of Channel 4, but this added protection, through the extended remit, comes at a time when this significant part of our British culture is in particular need of protection.
"To be able to commit an extra £2 million each year to filmmakers and to work that we care about gives us all great hope for the future."
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