EU-backed loans for creative Polish firms

The financing comes under the European Commission's Creative Europe programme and is intended for small and medium-sized enterprises (SMEs) active in sectors such as visual arts, design, books and music.

The European Investment Fund and Poland’s Bank Gospodarstwa Krajowego on Thursday signed a counter-guarantee agreement for loans to Polish SMEs, supported by the Cultural and Creative Sectors Guarantee Facility under the EU's Creative Europe programme, according to a press release.

Poland’s Deputy Prime Minister and Culture Piotr Gliński, who attended the signing ceremony, has been quoted as saying: “Culture is a very important part of the economy … it is a dynamically growing industry that continues to create new jobs and new sources of income. The creative sector is one of the industries that is going to play an important role in the modern economy, and therefore, its development is of great importance to Poland and the Polish government.”

 

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Deputy Prime Minister and Culture Piotr Gliński at a press conference after a deal on new financing for Polish SMEs signed in Warsaw on Thursday. Photo: PAP/Jacek Turczyk