The second “leading figure” in European film funding is Eurimages. The goal of this fund, which reports to the Council of Europe, is to support the European film industry by strengthening the production and sales of films and the subsistence of co-productions.
Approximately 90% of the Eurimages budget is invested into co-productions. Other focal points include the support of sales measures, cinemas and the digitalization of already funded projects. Your co-production is also eligible for support if you have at least two co-producers from the fund’s current 34 member states. The financial grant should not exceed 15% of the total production costs and may not exceed 700,000 Euros for a single project. Rules and conditions for the awarding of support are updated every year in order to keep up with the changing trends of the film market.
Since its foundation in 1989, Eurimages has supported the co-production of 1,300 features and documentary films with conditionally repayable loans. The loan must not be repaid until the film has reached its cinematic exploitation. Repayment is based on net producer returns according to the shares of the participating producers.