"The council's cash injection will be allocated over the next three years and is designed to bolster the Scottish festival's ambitions to become a leading event of discovery, showcasing new films and talent.It marks the single biggest investment by the U.K. Film Council in a film festival to date and is the first from its newly established 4.5 million pound ($9.1 million) festival fund."
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The good news is all this extra money is to invest in new talent. Hopefully with the move to June EIFF will become even more significant in the industry in the UK.
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