The CCS sectors are key to preserving the cultural identity and diversity - but they are also key for the European economy. In fact, they account for over 4% of GDP, 10% share in total companies in services and also provide for approximately 7 million jobs. Despite their important role, CCS companies face difficulties to access finance, mainly due to the perceived complexity of their business models, associated risks and intangible nature of their assets.
The Cultural and Creative Sectors Portfolio Guarantee Product aims to therefore enhance access to finance to SMEs and other eligible enterprises operating in the CCS, therefore supporting this creative ecosystem, consolidating its resilience and allowing it to adapt to the challenges ahead.
Mandator
The following summary is only indicative. For full information please refer to the Call documents below.
Product details
Compare with other guaranteesApplication deadline
Country or region
Focus
Heritage, archives, libraries, books, press, visual arts, architecture, performing arts, audio-visual, multimedia, education.
Objective
Enhance access to finance for small enterprises operating in the cultural and creative ecosystems. Consolidate resilience of the ecosystem and allow it to adapt to the challenges ahead.
Guarantee terms
Benefits for recipients
Type of instruments
Max (counter-)guarantee rate
Max cap rate
Guarantee fee
Consistency with state aid
YesLending features
Type of financial intermediary
Target final recipients
Maximum debt principal amount
€7.5m iDebt financing maturity range
Growth stage
How to apply
Check out hte call documents listed below and submit your application by:
30 June 2027
The EIF may determine that the deadline will end on an earlier date depending, inter alia, on the availability of the budgetary resources. Any change in the deadline will be announced officially on this web page.