From the BFI website:
BFI statement on DCMS spending reductions
7 Jun 2010
The Department for Culture, Media and Sport has announced a £73 million savings contribution to reduce the UK’s fiscal deficit.
In today’s challenging financial climate we understand the difficulty of making decisions of this kind and fully expect to play our part. We had anticipated that the government would not be able to afford investment in the BFI Film Centre at this time and knew that we would face a challenge on the project. We still remain committed to taking the BFI Film Centre forward.
We are relieved that vital monies to save the BFI National Collections are secure.
We are concerned that film is bearing the brunt. Over 50 per cent of the DCMS cuts announced are coming from the film sector. Film is a critical component of Britain’s future cultural and economic prosperity and we welcome the Minister’s commitment to reviewing government’s support for the industry. Our one plea is that this is done as a matter of urgency.