Mayor of London Confirms Film London Funding

Boris Johnson will continue to fund the agency to the tune of $2.1 million for 2011/2012, a 22% decline from last year's level.

LONDON -- Government-backed movie agency Film London breathed a sigh of relief after securing £1.3 million ($2.1 million) in funding from the London mayor's office for 2011/2012 despite the total repping a 22 percent drop from last year's level.

The agency remained upbeat about the commitment from the capital's mayor amid tough economic climes that has seen subsidy funding slashed across a host of arts bodies.

Film London’s CEO Adrian Wootton said: "This funding settlement allows us to deliver new opportunities for the capital’s aspiring film-makers and enrich the city’s film culture.”

The cash helps secure a future for Film London initiatives including the micro-budget production program Microwave, the sales event London U.K. Film Focus and the annual Production Finance Market.

As of April 1, Film London will be taking over the UKFC’s responsibilities for inward investment -- including absorbing the office of the U.K. Film Commissioner.