Laura Franses has resigned from her post as head of Channel 4′s Indie Growth Fund.
Franses joined the British pubcaster in 2014 to help launch the fund, which aims to provide capital and expertise to start-up and small to medium sized creative businesses in the UK.
Under her stewardship, the fund has invested in 13 businesses including digital start-ups and independent production companies which specialize in genres including factual, drama and sport.
Earlier this year, Franses helped secure Channel 4′s first full exit when True North Productions was acquired by Sky.
“The Channel 4 Growth Fund now makes an important and varied contribution to the creative industries across the UK,” said David Abraham, chief executive at Channel 4, in a statement. “When it was launched in 2013 it was a plan. Laura has helped to make it a reality with great skill, energy and judgement. We all owe her huge thanks for that.”
Through the Indie Growth Fund, Channel 4 currently holds minority stakes in Arrow International Media, Barcroft Media Group, Eleven Film, Firecrest Films, Lightbox Media, Parable Ventures, Popkorn Media, Renowned Films, Spelthorne Community Television, The RightsXchange (TRX), Voltage TV Productions and Whisper Films
Before her time at C4, Franses co-founded the Emmy winning TV production company Nutopia Ltd, which she ran as managing director for four years. Prior to that, she worked at Zodiak (RDF) identifying and buying TV companies for the AIM-listed super indie, and started out in the UK as a production finance executive at Film4, part of Channel 4.’
Last month, Channel 4′s chief creative officer, Jay Hunt announced that she would be leaving the UK broadcaster after almost seven years. She will be stepping down from her role in September. The move comes on the heels of David Abraham, C4′s chief executive, announced plans to depart at the end of the year.
Jonathan Allan, commercial director at C4, will lead a process to hire the replacement for Laura.