I Wanna Marry Harry producer Zig Zag has launched a Special Purpose Vehicle (SPV) for film, TV and sports and is targeting a £20M ($26M) fund to support them.

Zig Zag, which had its production arm declared insolvent last year before re-emerging, has joined with Seventy7Ventures on the SPV.

The pair are looking to create a fund that will support “capital-intensive productions across scripted, unscripted, and sports-led entertainment formats.”

Each project will be put through the SPV via a six-month exclusive financing option. Should a project not secure financing within the option window, Zig Zag may extend the term or reassign the project and introduce replacements.

Zig Zag boss Danny Fenton will work closely with Seventy7 Ventures executive chairman Ketan Makwana.

“We at Zig

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