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UK film fans are being offered their first chance to add a touch of movie star glamour to their savings with the launch of The Fyzz ISA, a finance ISA specialising in funding film and entertainment projects.
People can help support upcoming, independent film projects with investments ranging from £2,000 to £20,000 per year. In return, their investment can deliver returns of up to 5 per cent per year, much higher than the rate typically offered through normal cash ISAs.
The organisation responsible for the initiative is The Fyzz Facility Capital and its sister company The Fyzz Facility, an existing film finance company with a seven-year history of supporting independent films.
The experts behind The Fyzz ISA have, through The Fyzz Facility, invested more than $280 million into over 200 feature film loans since 2010, as well as co-financing films such as Wind River and Martin Scorsese’s Silence.
Savers will be able to follow the projects they are supporting from pre-production all the way to the big screen.
The Fyzz Facility Capital says that all Fyzz ISA loans made into projects are secured and asset-backed (linked to contracted revenue streams and distribution agreements), so returns are not dependent on the ultimate execution or box office performance of a given project.
Investments are diversified across a large number of individual entertainment lending opportunities to create a portfolio that further mitigates saver risk. Wayne Marc Godfrey, joint CEO of The Fyzz Facility says, 'When we started The Fyzz Facility in 2010, we had the mission to build a business that would support the creation and production of world class independent films while at the same time offering investors returns competitive with other alternative sectors.'
Joint CEO Robert Jones adds, 'Through The Fyzz ISA, for the first time, we are offering UK savers and people who love and wish to support independent films, the opportunity to participate in this exciting investment arena at a much lower entry point that has previously been possible.
'With as little as £2,000 (capped at £20,000 per annum) savers can now invest alongside our existing high net worth clients and help bring independent films to the big screen.'