Intandem Films, the Aim-listed sales and distribution firm, is expected to complete its financing for 10 Things I Hate About Life, starring Hayley Atwell, within days.
The film, the sequel to box office hit 10 Things I Hate About You, goes into pre-production next week when preparations will be made to begin shooting.
It is written and directed by Gil Junger, who also made the first film, which starred the late Heath Ledger.
Gary Smith, Intandem chief executive, said financing for the film had been helped by changes made by the Government to the Enterprise Investment Scheme earlier this year. The scheme is designed to help smaller, high-risk companies raise funds by offering a range of tax reliefs to investors.
‘Raising the previous limit of £2million allowed per year to £5 million means it’s worthwhile doing bigger, more commercial films,’ he said.
‘We are making the films that the big studios used to make. For instance Disney made 10 Things I Hate About You, but now they concentrate on making the blockbusters, leaving room for smaller companies like us.’
In addition to the help from the EIS, Intandem won backing worth $1.75million (£1.2million) from the California State Lottery and raised a further $1.6million at the Cannes Film Festival.
Intandem is co-producing the film with US producer Andrew Lazar.
Intandem will carry out worldwide sales and distribute the film in Britain.
Shooting begins in Los Angeles in November and it will premiere next year.
Another Intandem film, Grassroots, will be shown at the London Film Festival next month.