Invicta Capital found funding for The Da Vinci Code movie

London-based financial advice company Invicta Capital will not help fund any more films, according to Screen Daily.

The company recently found funding for the upcoming Da Vinci Code movie.

But the closure of a tax loophole that allowed its wealthy clients to offset their film investments against tax has led them to move into other areas.

'Uncertainty'

In March, Chancellor Gordon Brown announced a new tax credit for producers whose films passed a "culturally British" test.

But producers' trade association Pact said there was still uncertainty in the industry because the legislation was "highly complex and there are a number of issues that need to be resolved".

A Pact spokesman said: "I think Invicta came to their decision because they don't see the same level of return for their investors under the new regime.

"It's always disappointing when a leading financier pulls out of funding film.