Tax credit specialist, Adsum, has announced their sponsor partnership with screen agency, Film London, to help provide the industry tax credit funding in support of production projects.
The fintech company that offers tax as a service has joined the screen industry agency’s Premiere Service, which connects producers and production crew within the film industry with a wide range of services and suppliers. The list exclusively gives users access to a network of services quickly and efficiently to help save money on production costs. Adsum also joins as the main sponsors of the Film London’s Production Finance Market.
Film London work to sustain, promote and develop London as a global content production hub. In its work, they work to support the development of the city’s new and emerging filmmaking talent. In 2019, the international feature productions filming in and around London generated over £1.3 billion. The screen industries support thousands of jobs with more comprehensive benefits for the capital city, boosting tourism and raising its international profile.
The Premiere Service saves users time and money on researching proven partners when seeking the most effective way to create a reliable and efficient production. Users can experience direct introductions to trusted partners who fully understand production requirements.
As the agency’s partner, Adsum is one of the main sponsors of the Production Finance Market (part of the London Film Festival) on the 11th and 12th of October. Adsum will also be taking part in Film London-related future events in and around the city.
Justina Tartilaite, CEO and Co-Founder of Adsum, says about the partnership, ” We are pleased to be a sponsor partner of Film London which does great work to sustain, promote and develop London as a global content production hub. At Adsum we’ve helped many organisations in Film and TV industry and auto-calculated how much film tax credit can they get. And we’ve enabled them to access that funding in as little as 24 hours so they can turn that tax credit into the budget and kickstart their projects. And we are looking forward to continuing to support the British film industry with other services coming soon.”
Users of Adsum’s tax credits services can access business intelligence to discover the real-time value of owed HMRC funds. The technology can calculate the users’ film and TV tax credits and VAT refunds every month, future-proofing cashflow by advancing the tax credits consistently and on-demand, thus enabling users to re-invest the capital earlier than HMRC typically pays.
Adrian Wootton OBE, Chief Executive of Film London and the British Film Commission said: “I am delighted to see Adsum on board as a Film London Premiere Services partner, providing essential professional services to the UK film industry. Amidst the ever growing demand for content, connecting productions with trusted support specialists is a key priority. I would like to thank Adsum for their support and look forward to welcoming them as a sponsor at future Film London-related events.’’