August 5, 2015
Creative Saskatchewan announced changes to the province’s creative industries funding system, see the minimum per-applicant threshold increased by from $250,000 to $600,000 per year. The threshold increase applies to all creative industry funding applicants, including the creative industry associations who receive operational and programming support from Creative Saskatchewan.
An additional regulation amendment will see funds from private organizations such as SaskTel Max Equity Fund or Rogers Digital Development Fund, no longer count toward the cap. Previously, the $250,000 threshold included private money. As well, third party funds administered by Creative Saskatchewan have also been removed from the funding threshold.
The changes are a result of negotiation between the Saskatchewan Media Production Industry Association (SMPIA) and Saskatchewan provincial government.
Creative Saskatchewan was formed two years ago following the cancellation of the province’s tax credit. The $5 million Creative Sask fund is distributed via four grant programs to the film, TV, digital media, visual arts, publishing and performing arts industries.
For more information, read the Creative Saskatchewan press release here.