NFVF announces delay in quarter one funding application approvals

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NFVF announces delay in quarter one funding application approvals --

Mon, 08 Jun 2015 12:13

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On 5 June 2015, the National Film and Video Foundation (NFVF) an agency of the Department of Arts and Culture (DAC) announced that the NFVF quarter one funding application approvals will be delayed. The marketing and distribution funding decisions will be released on Monday, 8 June 2015. There will be a further delay in the announcement of the production and development funding projects.

Before the end of the 2014/2015 financial year the NFVF had reached and exceeded its targets for production and development projects, which resulted in quarter four funding applications not being evaluated. Due to the NFVF s commitment to contribute towards the industry s growth as mandated by the NFVF Act, it was decided that the quarter four production and development projects be evaluated with quarter one applications received for the financial year 2015/2016.

The compounded applications meant that the panel required more time to evaluate the applications thoroughly and therefore was not able to submit applications for the council meeting held on 28 May 2015, thus leading to a delay in the announcement of production and development projects

In an effort to ensure projects are not delayed further, NFVF CEO Ms Zama Mkosi, has called for a special council meeting to be held so that applications that were not put forward to council on 28 May are able to be evaluated and approve with little delay.

The special council meeting will be held on 3 July 2015 to approve those recommended applications put forward by panel chairs. The NFVF will inform candidates of the outcome of applications on 10 July 2015.

The quarter two call for funding applications will go out, as planned, on 10 June 2015, deadline for these applications is on 30 June 2015. The council meeting to approve quarter two applications has been changed to 31 August 2015 to allow more time for the evaluation of applications.

The list of approved marketing and distribution projects will be posted on the NFVF website under Funding Cycle and Approvals on Monday, 8 June 2015.

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