The creative industry in the West is to get a massive boost today when a new €2million fund, to be announced in the city by Minister Sean Kyne, will outline details of how up to 90 new jobs are to be created.
The Western Region Audiovisual Producers’ Fund — or WRAP Fund — is an initiative of the Galway Film Centre and the Western Development Commission (WDC ).
It will run over a three-year period in association with the local authorities in the counties of Galway, Clare, Donegal, Leitrim, Mayo, Roscommon and Sligo.
The €2m WRAP Fund will be launched at the FÍS TV Summit in Galway this afternoon (Thursday ) by Minister of State for Rural Affairs and Natural Resources, Seán Kyne.
However, the Advertiser can reveal that it is hoped that it will increase the number of screen content production projects undertaken in the region, creating direct employment of 90 jobs.
The objective of the new WRAP Fund is to facilitate the development of, and investment in, film, television, gaming and animation projects in the Western Region.
As well as supporting local projects, it is hoped that the fund will also help attract international production companies to the western region, having knock-on benefits for the wider economy and for future tourism to the region.
The WRAP Fund is aiming to support 15 development projects, with an expectation that at least 20 per cent of these would secure resources to go into full production.
Around another 10 internationally funded co-productions will be supported in the region.
The aim of investing in projects with commercial potential will allow the Fund to make a return on investment in order to create a legacy fund for future projects within the region.
Speaking ahead of launching the fund at the FÍS summit Minister Kyne said that the potential of the film, television and game industry for the West of Ireland has already been very well demonstrated by TG4 and a range of independent producers.
“I’m confident that this new WDC-backed fund will further develop this sector in the West bringing greater benefits in terms of job creation, as well as for the creative industry. I look forward to seeing the results of the investments on our screens in the near future,” he said.
Declan Gibbons, manager of Galway Film Centre and director of UNESCO City of Film said that the WRAP Fund is a game changer for the audio visual and gaming sectors in the Western Region.
Building on the UNESCO designation in 2014, Galway Film Centre is now delighted to partner with the WDC to roll out this fund in collaboration with all the local authorities concerned. This significant investment has the potential to provide increased content creation and continuity of work and is an immense boost to the wealth of screen talent in the region.”
Full details of the eligibility and how to apply will be available once the WRAP Fund is up and running early next year. Recruitment of a WRAP Fund Development Manager will begin in the next few weeks.
Funding for the initiative has been ring-fenced by the WDC from its Revolving Evergreen Western Investment Fund. The local authorities in the counties involved will provide funding towards operational costs.
In the Government’s Action Plan for Jobs 2015-2017, a commitment was made under Action 144 to “develop and implement an action plan to support the film industry in Galway and the West Region and explore the potential for a Regional Film Fund”.
This plan was written by Galway Film Centre and Galway County Council, with the support of Bord Scannán na hÉireann/the Irish Film Board, Galway City Council, Galway County Council, Mayo County Council and Roscommon County Council.
This commitment, together with the Galway Film Centre’s role as administrator of the Galway UNESCO City of Film, has created a perfect moment for the launch of the €2m WRAP Fund.
Galway also has the largest audiovisual industry outside Dublin with more than 600 jobs and an indigenous industry worth more than €72m annually to the local economy.