The NZFC has the statutory responsibility "to encourage and participate and assist in the making, promotion, distribution and exhibition of films" made in New Zealand by New Zealanders on New Zealand subjects.

The NZFC provides loans and equity financing to New Zealand film-makers to assist in the development and production of feature films and short films being made in New Zealand. The NZFC does not itself produce films. The NZFC is also active in the sales and marketing of New Zealand films, and it assists with training and professional development within the industry.

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