Former Respect MP George Galloway, who failed to win a seat in Thursday’s election, is heading to Hollywood, intending to become the “Michael Moore” of anti-Israel filmmaking.

Mr Galloway told the Times he would fly to Los Angeles later this weekend to drum up funding of between £2m and £4m for a film about the Palestinians.

Mr Galloway said he was disappointed that Respect would have no role to play in a hung parliament, after he failed to win a seat in Poplar and Limehouse.

Mr Galloway – who boycotted the official count — said afterwards: “I was very disappointed. It’s quite a wrench, especially with a hung parliament — that would have been a very interesting thing to be involved with.”

But other projects beckon: “I’m off to California on Saturday to speak to people in the film business about a long-standing idea I’ve had to do a Michael Moore-type treatment of the Palestinian conflict.

“I think I could present well — do the Michael Moore part well. The story is attractive and controversial. I like trying to do things that have never been done before.”

“In 2005 I got quite friendly with Sean Penn and Warren Beatty. I’m going to go and see them, I hope, and several other film people on the production and directorial side.”

“I’ve got a potential director — he’s quite famous — me, as a known person in the United States, Britain and throughout the Arab world, and we’ve got the story.”

Mr Galloway came third in his bid to unseat Labour Minister Jim Fitzpatrick. His old constituency, Bethnal Green and Bow, which he won from Jewish Labour MP Oona King in 2005, was also lost by the Respect candidate Abjol Miah.

The East London Advertiser and World Press Network have speculated that Mr Galloway may now seek to become the first elected mayor of Tower Hamlets. Residents voted in favour of an elected mayor on May 6.