The reduce – which applies to grant-in-aid funding only,and does not affect lottery grants – was announced in the 2015 Autumn statementThe British Film Institute (BFI) is to lose £1.3m of its government funding over the next four years, it has been announced in the 2015 Autumn statement and spending review.
The BFI – which is the UK’s lead agency for film and is responsible for funding film production, or as well as maintaining the national film archive,a network of cinemas including the BFI Southbank, and film education programmes – will have its grant-in-aid payment reduced by 8%. This is on top of a 10% reduction for the current 2015/16 financial year.
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Source: theguardian.com