30
Jun
The European Commission and the European Investment Fund (EIF) have launched a new initiative to help SMEs in the cultural and creative sectors access credit. The €121 million which will be invested by the EU in this financial instrument until the end of 2020 is expected to leverage more than €600 million worth of bank loans over the next 6 years.
Why is it needed?
The creative and cultural sectors employ more than 7 million people in the EU and account...