Business Growth Fund (BGF) has invested an initial £2m in Oscar-winning Milk Visual Effects, an independent visual effects company that creates innovative and complex visual effects for television and feature films.
The fund receiving company will use the funding to expand its studios, invest in new technical equipment and R&D and hire the best industry talent, significantly increasing its capacity to work with the world’s leading feature film, high-end television and digital content producers such as Warner Bros., the BBC and Netflix.
Milk was founded by five VFX supervisors and producers in 2013, including current CEO Will Cohen, and now employs 150 staff across its sites in London and Cardiff.
The studio has won multiple awards for its creative work, including three consecutive BAFTA Television Craft awards for Doctor Who (2014, 2015) and critically acclaimed BBC drama Jonathan Strange & Mr Norrell (2016).
In 2016, Milk won an Emmy for work on the BBC drama Sherlock, and co-founder Sara Bennett won an Oscar for her work on the film Ex-Machina in the Best VFX Category.
Another recent highlight for Milk is its work on the Warner Bros. film Fantastic Beasts and Where To Find Them (2016), for which it created a number of visual effects sequences. Milk’s credits also include Ben Wheatley’s High-Rise and Free Fire, The Martian (20th Century Fox), The Divergent Series: Insurgent (Lionsgate/Summit), Poltergeist (Fox/MGM), Everest (Universal) and Brett Ratner’s Hercules (Paramount/MGM).
The investment will accelerate Milk’s ambitious growth plan and allow the continual development of its innovative work streams for the production of visual effects and formats.
Currently, Milk is in production on projects including Alex Garland’s forthcoming feature Annihilation (DNA/Paramount), Kingsman 2 (Lionsgate) and Doctor Who series 10 for television.