Hollywood director Ridley Scott has partnered with Orchard Media to launch an enterprise investment scheme which will finance six UK films.
The joint venture between the director's Scott Free Films and Orchard seeks to raise £5m to fund the low budget genre films, for which Scott will act as executive producer.
Scott is best known for directing blockbusters including Alien, Blade Runner, Prometheus, Hannibal, and Gladiator.
The new series of films, branded 'Ridley Scott Presents', will be horror and suspense thrillers. These genres have produced the most successful low budget films of recent years as they have benefited from technological advances in production, internet marketing and digital distribution, the group said.
Film production company and sales agent Focus Features International has agreed to sell the films worldwide. They will be shot primarily in Northern Ireland, home to several film and television studios, and productions such as Game of Thrones.
Investors who obtain and retain EIS relief are estimated to receive a post-tax return of 21.3% (equivalent to a 34.4% pre-tax yield) from the scheme.
Shareholders may also be offered visits to film sets, the BAFTAs, and private screenings, and may receive copies of scripts and signed posters, the group said.
Scott said: “This is a very exciting opportunity to create a structure that enables new and emerging talented film-makers to push boundaries, excite audiences and gain the vital experience needed to move quickly up within the business.
"It is a chance for them to be highly innovative in narrative, production techniques and distribution strategies.”
Liza Marshall, head of Scott Free London, added: “There is an appetite in the market for high-concept genre films, and we believe this slate is a great opportunity to make creatively distinctive, commercially successful films.”
Championing diversity in the workplace
Our weekly heads-up for advisers