Direct Subsidy:
AFS as "Aide Financière Sélective", "Selective Financial Support."
The "FONSPA" (National Support Fund for Audiovisual Production), a government fund that advances money to the producer is in charge of the AFS system.
The subsidy amounts up to 250.000€ in case of a minority coproduction, up to 500.000€ if the Luxembourgish producer is the majority producer, up to 1.000.000€ if the director is Luxembourgish.
The fund has a yearly budget of €4,5m. This amount is invested in development, production and distribution every year.
Project applications are submitted by the Luxembourgish producer to the Fund's Committee, which takes a decision after consulting two Committees: the Reading Committee and the Economical & Financial Committee.
The fund has an application schedule including five deadlines a year, with replies about two months later.
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Indirect Subsidy:
CIAV+ as AudioVisual Investment Certificates
The system enables the Luxembourgish producer to borrow money upon basis of the future certificate he will get, i.e. up to 25% of the total production budget. The amount of the certificate is calculated upon a number of points in a grid: if the film reaches 100 points out of 210, the certificate will amount to 100% of the 25% of the total budget with a net maximum of €2.5m per film; if the film has only 50 points, the certificate will amount to 50% of 25% of the total budget.
The points grid and the cost of money will be explained to you by the Luxembourgish producer you will be in contact with, each project having its own specificities.
As far as procedure is concerned, the Luxembourgish producer submits an application form to the "CIAV" Committee, which analyses it and, should it give its approval, issues a letter of intent. The CIAV Committee meets 12 times a year and replies one and a half month after the application date.
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