Equity Investment Program

The PictureNL Equity Investment Program is available for eligible screen industry companies which are majority owned by a resident of Newfoundland and Labrador. The program may provide up to 20% towards a production’s financial structure but normally the project’s local spend is a key criterion, among other factors, in determining an investment amount. The schedule of payments will be based on the individual project needs and production schedule.

Producers applying for this program require a financial commitment from a third-party investor at application stage for their project.

PictureNL’s investment is recoupable. The Equity Investment Program may be combined with the NL Film and Video Industry Tax Credit program in a production company’s financial structure.

All final decisions for the Equity Investment Program are made by PictureNL’s Board of Directors.

PictureNL has four annual funding application rounds for equity investments. The upcoming deadlines for applications are:

• January 8, 2024
• April 15, 2024
• July 8, 2024
• October 7, 2024