Relaunched TIF offers public chance to be theatre angels
Members of the public are being given the chance to invest in West End and nationwide productions through a new initiative run by the relaunched Theatre Investment Fund.
Newly titled Stage One, it will continue the TIF’s almost 30-year legacy of offering practical and financial assistance to up and coming theatre producers operating across the UK. But the creation of the Stage One Club is now allowing members of the public to take part as well, with a minimum investment of £300 and a maximum of £2,000.
Stage One vice-chair Paul Elliott said: “This is a huge breakthrough. Until now it has been virtually impossible to advertise in the media for investment. There are thousands of people out there who want to invest in the magic of the West End and shows across the country. We have now been able to do that. We have investors from the public who want to be involved for at least £300.”
A list will be drawn up by the Stage One panel detailing the shows in which the public can choose to invest. There will be a small £12 or £14 joining fee plus an administration fee and while investors can be secure in the knowledge that they are dealing with a legitimate organisation, it will be made clear to them that if the show does not do well, they will not make any money on their investment.
Said Elliott: “We’ve got £1.5 million and we want to make it £5 million. We can make a significant amount of money for all the producers. The public know they are going to be okay, that they are not going to be ripped off because we will be introducing them to the producers.”
Stage One will continue TIF’s work in investing in new productions nationwide as well as running workshops and courses for new producers. Since its inception in 1976 it has invested £3.4 million in more than 700 productions.
For a Stage One Club information pack contact 020 7257 8088. The new Stage One producer’s guide is available to download from www.stageone.uk.com free of charge.
Stage One and the Society of London Theatre has announced the recipients of this year’s bursaries for new producers. Sponsored by FIFA in association with Mamma Mia! and Arts Council England, this year’s winners are Virginia Buckley, Louise Chantal, Dolya Dragasevic, Sally Homer, Cath Longman, Jenny MacDonald, Katy Quayle and Miranda Robinson, Andrew Nelson and Denise Silvey.
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