'The Christmas Star' will have a host of film and television professionals supporting the ground-breaking production, including actors Liam Neeson and Pierce Brosnan, while Oscar-winning screenwriter and Downton Abbey creator Julian Fellowes is also helping to develop the script.
The search is now on for budding filmmakers, who are aged between 18-25, to develop their talents and earn their first credit in the film industry.
Cinemagic says it's looking for "committed, talented and creative young people" who will gain "unprecedented access" to top film and television industry professionals.
And, prior to making the feature film, the successful applicants will participate in a programme of intensive and practical training through masterclasses and workshops led by the professional mentors.
Joan Burney Keatings MBE, Cinemagic Chief Executive said: "We look forward to meeting and working with young talented and creative young people who are interested in the film industry and want to share ideas and learn from some of the top names in the business.
"We are looking for young people from all backgrounds to come together and work on a common goal and illustrate what can be achieved working as a team on this innovative opportunity."
Meanwhile young composers, sound designers and music editors are also asked to apply for positions in the music department for the film.
Award winning film composer, Patrick Doyle, whose credits include Brave and Rise of the Planet of the Apes, and music supervisor, Maggie Rodford, who worked on The King's Speech and Anna Karenina, will be assessing all applications and will work with the young composers over the course of the project.
Full information can be found via the Cinemagic website.