The British Film Institute (BFI) is set to increase its financial investment into British films by over a third in the next five years, the Guardian reports. BFI pledges to spend £273m of lottery money on creating new films, digitising up to 15,000 films from the back catalogue and providing existing venues with the equipment to air movies. Money will also be spent on promoting training in related skills and providing the opportunity for every school aged child to experiment in film techniques and watch movies.

The move is laid out in the BFI’s New Horizons for UK Film plan, which outlines a number of initiatives aimed at supporting filmmaking throughout the country.

Culture Minister Ed Vaizey welcomed the new approach and said that as well as looking to Hollywood studios for further investment, markets such as China and India should also be explored.

It’d be nice to see some Nollywood, as well as Bollywood investment and maybe some exploration of Caribbean film makers too. Let’s hope that during the next five years we see the inclusion of some of the lesser known film makers.

For more information on obtaining funding from The British Film Institute, visit here.