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A new good practice report on innovative financing instruments for the cultural and creative sectors

Written by experts from national governments, the report addresses the challenges the cultural and creative small businesses face finding funding. It highlights over 100 innovative instruments and 32 success stories.


In an economy increasingly reliant on creativity and intangible assets, the cultural and creative sectors Deutsch (de) English (en) español (es) français (fr) italiano (it)  are among the fastest-growing. However, most small businesses in the sector struggle to access finance and this is one of the main obstacles to their growth.

Because of the intrinsic characteristics of the cultural and creative industries (lack of physical assets, dependence on intangible assets, the consequent lack of collateral and highly uncertain market demand), creative small businesses seeking finance from private banks are likely to be turned down.

Lenders, including banks, have limited understanding of these characteristics of the sector. The creative and cultural sectors face challenges such as a lack of information on available sources of funding, the structure of the financial system and the valuation of intellectual property.

Towards more efficient ecosystems

The new report was produced through the open method of coordination Deutsch (de) English (en) español (es) français (fr) italiano (it) EU Member States expert group on access to finance for the creative and cultural sectors. The report sets the financing issues  in the sector against the background of innovative funding schemes available to the sectors in the EU and provides recommendations on overcoming the main problems. A set of 32 success stories illustrates how innovative funding can meet companies’ needs.

The report is aimed at political decision-makers at European, national and regional level, but it also targets lenders and creative and cultural sector companies and professionals. Its assessment of existing funding schemes and recommendations should provide all stakeholders with insights on overcoming the difficulties faced by creative businesses in securing finance and unlock the sectors' potential for smart and inclusive growth.