Ask any five producers where the industry’s money actually comes from, and you will get five different, only partially overlapping answers. That confusion is itself part of the story.
Grants that arrive late, and why that matters
A production grant awarded in principle in January frequently does not disburse until the following year’s budget cycle. Producers plan around this now as a matter of course — which means the grant is functionally financing next year’s film, not this year’s.
Everyone budgets around the delay. Nobody fixes the delay.