French cultural and creative sectors to benefit from €30 million in loans with Creative Europe support
- 7 months 3 weeks ago
- programme grantloan
On 1 February, a guarantee agreement was signed between the European Investment Fund and French public investment bank Bpifrance.
The initiative, supported by the Creative Europe Cultural and Creative Sectors Guarantee Facility, uses EU funds to help guarantee a new lending instrument targeting small and medium-sized businesses in the French cultural and creative sectors.
The new instrument is expected to channel around €30 million to up to 200 firms over a two-year period. The new programme is expected to be available to firms from June 2017.