This program is intended for:

• Screen industry companies majority owned by a resident of Newfoundland and Labrador

• Productions led by Newfoundland and Labrador based companies that meet PictureNL’s eligibility criteria

• Projects with a financial commitment from a third-party investor at the application stage

• Equity investment of up to 20% toward a production’s financial structure

• The final investment amount is determined case by case, with local spend as a key criterion alongside other assessment factors

• The schedule of payments is tailored to the individual project’s needs and production schedule

PictureNL’s equity investment may be combined with the Newfoundland and Labrador Film and Video Industry Tax Credit in your overall financing structure.

For the purposes of this program, equity investment means a financial contribution by PictureNL that is repaid from earned revenue resulting from the production.

• PictureNL’s investment is recoupable, with recoupment terms defined in the Equity Investment Agreement

• The program is designed so that PictureNL participates as an equity partner, aligned with the project’s financial success

Applications are accepted in scheduled rounds throughout the year. PictureNL’s team reviews all eligible applications and makes recommendations to the Board of Directors. All final decisions for equity investments are made by PictureNL’s Board of Directors.

PictureNL holds four application rounds per year for the Low Budget Production Program.

Funding rounds for 2026 have now closed. The next funding round will open in 2027, with dates to be announced soon.