The British Film Institute, the charity chaired by former BBC chief Greg Dyke, is to take over the UK Film Council's role handing out lottery funds to film makers. An announcement is expected from Culture Secretary Jeremy hunt next week.
The Government has pledged to abolish the Film Council in its 'bonfire of the quangos'.
The council was behind hits such as Bend It Like Beckham, Tamara Drewe and the Last King Of Scotland, though it also had its share of flops such as Sex Lives Of the Potato Men.
While the BFI is expected to handle the council's £15million a year funding to film makers, the Arts Council will handle some of the administration to avoid any conflict of interest.
Hopefully this news will steady the worried masses and kick-start some new productions.... here's to some more story then...
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