AUDIOVISUAL SGR MGF

HOW TO APPLY FOR THE MEDIA PRODUCTION GUARANTEE FUND

Eligibility criteria

 

Financial institutions   Registered in one of the Member States participating in the MEDIA 2007 Programme

Borrowing companies   Independent European production companies based in MEDIA Programme participating countries
  Conditions compatible with those of other action lines of the MEDIA 2007 Programme
  To be a natural or legal person belonging to the audiovisual sector or to the industry of cultural contents
  To request a guarantee that is directly related to the business they operate in (excluding the provision of guarantees for
     other purposes).
  Not to be found in any irregular situation regarding commercial law, tax and social legislation, particularly not be declared
     bankrupt.
  Having the favourable resolution of the MEDIA Production Guarantee Fund’s Executive Committee which will base its
     decision on the report prepared by the Risk Department
  Accept the general conditions and, if necessary, the special conditions set by the MEDIA Production Guarantee Fund’s
     Executive Committee to become a recipient of the guarantees requested, by signing the corresponding consolidation
     policy that describes the rights and obligations
  To acquire the status of participating member of Audiovisual SGR (the MGS society acting as the delegate manager of the
     MEDIA Production Guarantee Fund), prior to obtaining the requested guarantee

Project   Compatible with the type of projects supported by the MEDIA 2007 Programme
  Audiovisual works for TV or theatrical release, one off project or series
  Categories:
     Fiction (min. 50 min.)
     Animation (min. 24 min.)
     Documentaries (min. 25 min.)
  Qualification as European, obtaining at least 10 points:
     Director (3)
     Scriptwriter (3)
     Actor 1, 2 and 3 (2 each)
     Composer (1)
     Artistic Director/Production/Designer (1)
     Director of photography (1)
     Editor (1)
     Sound (1)
     Shooting location (1)
     Laboratory (1)
  At least 50% of its financing must come from European sources

 

REQUEST FOR APPLICATIONS

 

All operations requesting a guarantee shall comply with the following requirements:

 

Application completed and signed: the applicant shall provide the relevant application form for endorsement, duly completed and signed by the applicant or the legal representative.
Copy of all registered documents officially establishing the company, together with copies of any subsequent amendments, including proofs of the company registration number, the full legal title of the organization, the registered address and the legal signatory and a complete list of all shareholders / Management Board certifying their nationalities.
Copy of VAT registration documents.
Curriculum vitae of the legal representative (or the managing director) and the main collaborators.
Financial position of the company (complete audited accounts: Balance Sheet and Profit and Loss Accounts) for the last two fiscal years certified by an approved auditor. Balance Sheet and Profit and Loss Account of the current fiscal year.
The approved auditor must be external to the company. For newly created companies: a bank declaration confirming that the applicant company is the holder of an account which is properly operated.
A declaration concerning the rights to the work:

· if the project is an original work, a declaration by the author and the applicant producer certifying that the work does not infringe the rights of any third party.
· if the project is an adaptation of copyrighted material, a contract between the rights holder or agent and the applicant producer.

A work plan (specifying all the stages for the production of the work).
Production Budget: Pro-forma invoice, quote or documents detailing the investment to be made.
Financial plan, including the documentation for the financing already obtained (grant, contract of assignment of rights, distribution agreement, etc.).
Payment of the fixed study commission

 

All applications must be sent to:

 

AUDIOVISUAL SGR
Attention of: Mónica Carretero
To: mpgf@audiovisualsgr.com

 

Criteria for non acceptance of applications

 

Negative equity for two consecutive years.
Non-payment of Social Security obligations (if applicable at the national level).
Court proceedings in progress.
Non-payment in national Credit Risk Registries and/or Private Bureaus.
Negative Profit & Loss for three or more years.
Refinancing of outstanding liabilities.
Refusal by the company to deliver requested information for the study of the operation.
Project without receivables.

 

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This document has been produced by Audiovisual SGR, with the financial contribution of the MEDIA Production Guarantee Fund of the European Union.
The views expressed herein can in no way be taken to reflect the official opinion of the European Union


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