Funding

Funding

1) What was the budget for Chicken?

Joe Stephenson said " when we say low budget, we’re talking micro. You wouldn’t make a film on this budget if you was sane (laughs)". The budget for the film was £110,000.

2) How did Joe Stephenson end up raising the money to make the film?

Joe Stephenson end up raising 110,000 pounds through family and friends. This is also known as external source of finance since raising funds through family/friends, doesn't normally require payment back.  

3) How does the Chicken budget compare to a Hollywood-funded British blockbuster such as Spectre or Paddington 2?

There is a huge difference between a British movie like Chicken and a Hollywood movie like Spectre. According to Joe Stephenson, the movie Chicken was created with a micro budget, Whereas the movie Spectre has a high budget due to its locations and mainly the actors. Joe believed that Chicken was made through compassion rather than dwelling on the budget. 

4) Joe Stephenson tried to secure funding from organisations that help low-budget filmmakers. What is the BFI Film Fund and how does it contribute to the British film industry?

 The BFI uses National Lottery funds to develop and support original UK filmmakers and films, and to increase the audiences who can enjoy them. The BFI Film Fund contributes to the british film industry by providing support for the production, development and completion of feature films and increasing film choice for audiences. 
5) Why do you think Chicken failed to secure funding from the BFI Film Fund?

 I believe chicken failed to secure funding from the BFI Film Fund because the film budget was too low also recognised as a micro budget therefore, the BFI Film Fund decided not to fund them since they thought this film wouldn't distribute in the market.