You might know that UK Film Council has lost the support of the government and will no longer be funded as a result of 'the cuts'.
To get an idea of how important they were to the UK film industry, look at this:
10 Best UK Film Council Projects
A Decade Of Homegrown Hits From The Cancelled Council
Now look at this article titled 'Can the Oscars Save The UK Film Council?'
Visit UK Film Council Website - watch their video explaining what their role has been in the film industry.