Cultural and Creative Sectors Guarantee Facility (CCS GF)

The CCS GF is an initiative managed by EIF on behalf of the European Commission. It was launched in June 2016 in the framework of the Creative Europe programme (2014-2020).

The CCS GF benefits micro-businesses and small and medium-sized enterprises (SMEs) in the cultural and creative sectors, which often face difficulties in accessing affordable debt financing for their projects.

EIF’s guarantee aims to change that. Loans supported by the EU under CCS GF are now available for business in all of the participating countries. At end of June 2016, these included the EU Member States, Iceland and Norway.

The initiative is expected to create more than EUR 600 million of new loans and other financial products for final beneficiaries through the guarantee’s catalytic effect.

The guarantee facility encourages financial intermediaries to adopt a specific credit assessment approach with SMEs and organisations. They also have the opportunity to receive a customised training to better understand the specific needs of the cultural and creative sector projects, thus to increase their engagement in this area.

FINANCIAL INTERMEDIARIES
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BUSINESSES ACTIVE IN THE CCS
Find out where funding is available