Edge planning to invest £10m in UK TV indies
Edge Investments has announced plans to invest £10m into UK TV production.
The private investment business, backed by the private sector, high net worth individuals and the Government, will offer UK producers an advantage over trade backers who will often seek to take international distribution rights as part of their investment.
It is looking to invest in creative businesses with revenues of about £1m.
“We want to meet television production management teams who are looking for a pure equity investor focused on growth and an eventual exit,” said Joanna Smith, investment manager at Edge.
“We’re looking to invest in a number of strong, creative firms which can demonstrate a variety of broadcaster relationships, with at least one to two commissions running through the company to date.”
Edge has already invested in Poppy Cat and The Clangers and last year launched a £40 million fund, the Creative Enterprise Fund.
“My team at Edge has significant experience working in the creative industries,” said David Glick, who launched Edge in 2006.
“We can translate the vision and ambition of creative executives into language that investors, and eventually buyers, understand, delivering vital growth financing for the businesses we support, freeing up talented people to generate ideas, to create great television, to realise their potential, and in due course maximising their wealth by getting the best value for their creative output.”