A new €6m movie will be filmed in Ireland later this year, it was revealed at the Cannes Film Festival today.

The Irish Film Board (IFB) said Octagon Films announced its latest venture, 'The Last Furlong', will go into production in November with filming in Dublin and Wicklow.

The project will be directed by Agnes Merlet ('Dorothy Mills'), produced by James Flynn, and is scripted by Nick Murphy, who previously worked on a series of the Irish language television drama 'The Running Mate'.

“The project has a budget in the region of $8m and is funded by the Irish Film Board, Fidelite Films and Section 481, with international sales being handled by Wild Bunch,” said an IFB spokeswoman.

The multi-million euro feature film was revealed at a reception for the Irish film industry in Cannes to promote the best of new Irish cinema at the festival and strengthen links with international contacts and financiers in the current economic climate.

DJ David Holmes played a special performance for guests, who included Aidan Gillan from US series 'The Wire' and 'Robbie Sheehan', star of Cherrybomb.

Meanwhile a new Irish film, 'Lend Me Your Face', will begin production in Ireland this week with filming in Dublin and New York.

Funded by IFB, it is directed by Maurice Linnane, written by Barry Devlan ('Ballykissangel'), and stars Jayne Wiserner ('Sweeney Todd'), Mark O’Halloran ('Adam and Paul') and Lee Arenberg ('Pirates of the Caribbean').