Live DMA
  • OUR NETWORK
    • ABOUT LIVE DMA
    • MEMBERSHIP
    • CONTACT
  • RESEARCH
  • RESOURCES
    • LIVE MUSIC OBSERVATORY
    • DATABASE
    • GLOSSARY
  • OUR VOICE IN THE EU
  • EU SUPPORT
  • AGENDA
Home » funding » Guarantee Facility by the European Investment Fund
  • Guarantee Facility by the European Investment Fund

    Published on 25 June 2019

    The Guarantee Facility is a loan programme developed by the European Investment Fund. It is aimed at SMEs and entrepreneurs from the Cultural and Creative sectors in order for them to facilitate their access to banking loans. The EU vouches for this loan so the bank has more chance to accept it. People benefitting from the Guarantee Facility still have to reimburse their loans, this is not a EU funding programme: benefittors of the Guarantee Facility still have to show a capacity of paying back the loan.

    Guarantee Facility video promotion

    How does it work?

    The European Commission has committed to partially cover financial intermediaries’ potential losses when they engage with Culture and Creative Sector (CCS) projects. Coverage will reach up to 70% of individual loans’ losses and up to 25% for portfolios using two models:

    • the provision of guarantees to financial intermediaries to cover portfolios of loans
    • the provision of counter-guarantees to Guarantee Institutions giving guarantees to financial intermediaries to cover portfolios of loans or project-based loans.

    In addition to the guarantee in place, the European Investment Fund will also contract a capacity-building provider to train financial intermediaries, with a view to increasing their understanding of CCS peculiarities.

    More info: https://ec.europa.eu/digital-single-market/en/financial-guarantee-facility-culture-creative

  • LSE Podcast – October 2018

    In this first episode of the Live Style Europe radio show: Focus on Live DMA’s activities at Reeperbahn festival in Hamburg, Germany (19. – 22.10.2018) Presentation of the study conducted by EventKultur Rhein-Neckar, local live music network in Germany, Pop-Akademie Baden-Wûrtemberg, and Digitale Hochschule Baden-Würtenberg Link to the study „Veranstaltungswirtschaft in der Metropolregion Rhein­Neckar“ (German) …

  • EU funding programme: Creative Europe

    The Creative Europe programme aims to support the European audiovisual, cultural and creative sectors. It is the first EU programme with budget and funds for the cultural and audiovisual sector. Indeed, Creative Europe contains three sub-programmes: one dedicated to the Media sector, one dedicated to Culture and one cross-sectoral strand. CREATIVE EUROPE 2014-2020 Global budget:…

  • European Jazz Network: Strength in Numbers

    The European Jazz Network comprises 110 organisation (festivals, clubs and concert venues, independent promoters and national/local support organisations) in 31 European countries. Their mission is to promote the identity and diversity of creative music in Europe, to broaden awareness of this vital area of music as a cultural and educational force, to increase exchange of…

European network for live music venues,
clubs & festivals

Get in touch

  • OUR NETWORK
    • ABOUT LIVE DMA
    • MEMBERSHIP
    • CONTACT
  • RESEARCH
  • RESOURCES
    • LIVE MUSIC OBSERVATORY
    • DATABASE
    • GLOSSARY
  • OUR VOICE IN THE EU
  • EU SUPPORT
  • AGENDA

© 2024 Live DMA. All right reserved, no reproduction allowed. Legal notice & Privacy policy