DISCLAIMER This document provides some information on the terms of the Creative Europe- Cultural and Creative Sectors Guarantee Facility. This document is not, and should not be construed as a binding document. This document does not constitute an offer of any nature whatsoever and does not create any binding obligations on the European Commission to enter into a contract with any third party in relation to Cultural and Creative Sectors Guarantee Facility. All data are subject to an adoption of the Creative Europe work programmes and budgetary allocations available as well as the specific conditions which may be agreed by the European Commission and European Investment Fund in a relevant Delegation Agreement for Cultural and Creative Sectors Guarantee Facility.

1. MEDIA
Creative Europe
Cultural and Creative Sectors
Guarantee Facility

2. MEDIA
DISCLAIMER
This document provides some information on the terms of
the Creative Europe- Cultural and Creative Sectors
Guarantee Facility. This document is not, and should not
be construed as a binding document. This document does
not constitute an offer of any nature whatsoever and does
not create any binding obligations on the European
Commission to enter into a contract with any third party
in relation to Cultural and Creative Sectors Guarantee
Facility. All data are subject to an adoption of the Creative
Europe work programmes and budgetary allocations
available as well as the specific conditions which may be
agreed by the European Commission and European
Investment Fund in a relevant Delegation Agreement for
Cultural and Creative Sectors Guarantee Facility.

3. Financial Instruments in 2014-2020
Infrastructure
Horizon 2020
Equity and Risk Sharing Instruments
Instruments under
Structural and Cohesion
Funds
 EU level (central
management)
 National/regional
instruments (shared
management)
 Off-the shelf FIs
 Tailor made FIs
Significant higher amounts than
currently!
Competitiveness &
SME (COSME)
Equity & guarantees
Connecting Europe Facility (CEF)
Risk sharing (e.g. project bonds) and equity
instruments
Employment and
social innovation
(EaSI)
Creative Europe
Guarantee Facility
Erasmus+
Guarantee Facility
1.Shared Management with MS
(Common Provisions Regulation)
2.Centrally managed by COM
(Financial Regulation)
Research,
Development
Innovation
Growth, Jobs
and Social
Cohesion

4. MEDIA
Creative Europe Programme objectives
General
objectives
•Promote cultural and linguistic diversity and cultural heritage
•Strengthen the competitiveness of the European cultural and creative
sectors (CCS), in particular the audiovisual sector
Support CCS
capacity to
operate
transnationally
and
internationally
Promote
transnational
circulation
and reach out
to new
audiences
Strengthen
the
financial
capacity of
CCS
Foster policy
development,
innovation,
new business
models
Specific objectives
CULTURE / MEDIA
Sub-programmes
Cross-sectoral Strand
and Guarantee Facility
(including Capacity Building )

5. 5
Access to Finance in the CCS
• Shortage of reliable data = lack of critical mass.
• Intangible nature of the assets (mainly IPR)= personal collateral is
typically requested
• Project based planning. Business plan= ca.10%
• Specific cash flow schemes (subsidies, 3Fs),
 Economic performance OK
 European FIs–with a few exceptions - do not currently have the in-house
necessary expertise for evaluating credit risk in the CCS
 Financing gap estimated: B 8 to B13 euro

6. Advertising
Architecture
Fashion
TV &
Radio
Publishing
Antiques
&
Museum
Arts &
Crafts
Creative Sectors
Video
GamesDesign
Software
Music
Performing
Arts
Movies Photo

7. In a nutshell: CCS GF
• Market driven Guarantee/Counter guarantee facility to share credit
risk (70%, up to 25% on portfolio)
• With banks investing in portfolios of loans
• Loans to organisations operating in the CCS
• No personal collateral
• Capacity-building / expertise for banks: non-financial leverage
• Managed by the European Investment Fund
• € 121 million fund raising credits for up to € ca.700M to the benefit of
SMEs in CCS
• Capacity Building Scheme
• Large scope of CCS
• Participation: EU/EEA
• Implementation: 2016-2020
7

8. How do EU financial instruments work in
practice – overview
8

9. 9
CB: provision of expertise in aspects such as the intangible nature of collateral
assets, the size of the market, prototype nature of products and services;
expertise in building portfolios and evaluating risks associated with CCS

10. MEDIA
Budget for the Guarantee Facility (121M)

11. MEDIA
Visibility and awareness-raising
■ Communication/promotion of the CCS LGF
 With Financial Intermediaries
 With Ministries/governments
 the network of Creative Europe Desks
 umbrella organizations from CCS
 With SMEs
 Role of National Contact Points
 Information session before entering into force
■ Calls for CCS GF & capacity building to be published early 2016

12. Thank you
• Maciej Szymanowicz, European Commission
• maciej.szymanowicz@ec.europa.eu