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Guernsey Finance to host seminar on film financing

Guernsey and UK industry experts will be presenting in London during September to showcase the island’s solution for tackling the financial aspects of film making.

The seminar is being held in the screening rooms at the Charlotte Street Hotel on 30 September and will feature Stephen Margolis, chief executive of Future Films.

It is being hosted by Guernsey Finance, the joint government and industry body responsible for promoting the island’s finance industry internationally, in conjunction with Guernsey Film.

Guernsey Film was formed earlier this year by a group of finance industry professionals and the Guernsey government to act as a centre of excellence for the collective infrastructure and expertise available on the island specifically within the film field. It includes experts in law, banking, insurance, tax structuring, fund management, investment funds, intellectual property and information technology.

Co-chair of Guernsey Film is Richard Garrod, former head of the film tax team at Mazars in Manchester and now a director at Confiance in Guernsey.

Garrod says: “Having moved to the island, I was impressed by the variety of providers within the local finance industry with experience of film transactions. Guernsey Film was launched as a way to draw this expertise together and therefore create a ‘one-stop shop’ offering a full financial service to film makers. We are now taking this message to film professionals in London through this seminar and networking reception.”

The seminar includes a look at Guernsey’s one-stop offering, an overview of marketplace opportunities, case studies and success stories from the island, structuring and legal issues, technological innovation, the intellectual property environment and insurance capabilities.

It will be introduced by Peter Niven, chief executive of Guernsey Finance.

He says: “Over the last 50 years Guernsey has built a strong reputation as a leading international finance centre. One of our great strengths is that we have developed experience and expertise in providing a wide range of financial products and services. This means that we have an extremely broad offering to cater for even the most diverse needs of film professionals.

“This will be showcased to our London audience through the seminar. It will make use of the high quality audio-visual equipment available at the screening rooms and include case studies and success stories to demonstrate what the Island can offer in practical terms. I think we’ve got a great story and the right people in place to tell it.” 

Speakers include Margolis; Jacqueline Hurt, partner in the communications group at Olswang; Garrod; and Ben Tustin, director of tax strategies at Marlborough Trust Company and co-chairman of Guernsey Film.

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