Thematic Paper: Access To Finance

17 JUNE 2014

In this series of papers, six ECIA member organisations present their findings and policy advice. Read on for a short extract and/or download the full thematic paper by by the Catalan Institute for the Cultural Companies.

Finance-Money-Payment by FuFu Wolf - Found on Flickr (CC) https://www.flickr.com/photos/fufuwolf/6748965761“This report sums up the work done by the ECIA’s WG on Access to Finance, coordinated by ICEC. In order to facilitate the access to finance of European CCIs under the current framework, key challenges & recommendations have been identified to guide policy initiatives on this subject. These are some of the debate fields:

  • Existing financial tools for SMEs can and should come into use for the support of creative industries. Should we encourage taylor-made solutions?
  • How investments in the CCIs can be raised? Investment readiness with investor awareness combination programmes could be part of the solution.  
  • Which are the new emerging trends of financing small creative industries? It’s necessary to explore this issue in order to integrate innovation, build sustainable communities and multiply the impact of a relatively low public funding.
  • How to match public grants with privately raised funds? Smart solutions for leverage instruments should be explored.
  • What happens with IP assets valuation? A lack of understanding undermines its potential and attraction capacity.
  • What about internationalization? New investment models should be designed on a cross-border level by involving neighboring countries.”

Download full paper
Read on: Thematic paper Access to Finance – Barcelona (pdf)