Nova Scotia Business Inc. (NSBI) has announced two newly approved productions through the Nova Scotia Film and Television Production Incentive Fund today, Aug. 15.
Television series, This Hour Has 22 Minutes Season 25, produced by DHX-Hour Productions(NS)XXV Inc., has been approved for a funding commitment of $2,436,761 based on an eligible Nova Scotia expenditure of $8,122,536.
Short film, Pearls, produced by Mama’s Pearls Productions Inc., has been approved for a funding commitment of $15,149 based on an eligible Nova Scotia expenditure of $48,869.
More details about productions approved for incentives through the Nova Scotia Film and Television Production Incentive Fund are available on the NSBI website at www.nsbi.ca/filmfunding.
— the fund applies to eligible costs such as labour, goods or services purchased from a Nova Scotia–based supplier
— when an application is approved, NSBI issues a commitment letter which can be used for bank financing. When the applicant enters the official incentive agreement, the agreement can also be used for the financing process
— once a production is approved for a funding commitment, the funds are placed in reserve
— when the production is complete the applicant submits a final claim to NSBI for processing and disbursement
— all applications and claims are processed and approved by NSBI