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Creative Investment Fund

Creative Investment Fund

Creative Investment Fund

The Creative Investment Fund (previously the Indie Growth Fund) was launched in 2014 to provide additional support to the UK independent creative sector by investing in indies based in the UK to help them to grow and develop their business.

Since its inception, the CIF has made 29 investments and there are now 16 companies in the portfolio, including: Candour Productions, Duck Soup, Firecrest Films, Five Mile Films, Freedom Scripted, Paper Entertainment, Parable, Proper Content, Rockerdale Studios, Salamanda Media, Spelthorne Community Television, Spirit Studios, Studio Crook, Two Rivers Media, Warp Films and Yeti Media.

With a mixture of both scripted and unscripted companies, the portfolio represents an exciting and diverse mix of UK production talent. From start-up companies to more established Indies with ambitious growth plans, the Creative Fund is a strategic partner offering support, guidance and strategic advice to help grow the company towards an ultimate sale.

The CIF is headed up by Acting Head of the Creative Investment Fund Hugo Heppell and reports in to an Advisory Board chaired by Martin Baker, Channel 4’s Director of Commercial Affairs, which also includes Lorraine Heggessey, Andrew Sheldon and Richard Fell as Creative Mentors.

Following changes instituted in the Media Act, Channel 4 is now enabled to take majority stakes in companies (previously it was limited to a maximum stake of 25%), and in September 2025 Firecrest Films became the first such acquisition.

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Caroline Percy

Caroline Percy - Senior Portfolio Manager

I work as part of Channel 4's Indie Growth Fund, concerned with investing in TV/Digital production companies. I had heard about the fund whenever investments were made and announced in the press and I always thought that it would be a dream job. I was thrilled when a role became available! I enjoy talking to company founders about their companies and their future ambitions to grow their business; my role is to help them achieve their ambitions. When I moved up to Leeds in January 2020 everyone was so welcoming and it felt like we were creating something new and exciting.  I’m originally from the Midlands so the thought that new people in the industry can have a good career in the Media world without having to make the move to London is quite heart-warming.